Veren Inc T.VRN

Alternate Symbol(s): VRN

Energy Oil & Gas E&P

Veren Inc., formerly Crescent Point Energy Corp., is a Canada-based oil and gas exploration company. The Company is engaged in the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its crude oil and natural gas properties and related assets are located in the provinces of Saskatchewan, Alberta and the United States. Its operating areas include Viewfield area of southeastern Saskatchewan; Shaunavon resource play, which is located in southwest Saskatchewan; Flat Lake play, which is a multi-zone resource play located in southeast Saskatchewan; Kaybob Duvernay play, which is situated in the heart of the condensate rich fairway, Central Alberta, and Montney assets in Alberta. Its wholly owned subsidiaries include Crescent Point Resources Partnership, Crescent Point Holdings Ltd. and Crescent Point U.S. Holdings Corp.

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Veren Inc > Canada's oil patch leads shareholder payout boom in energy

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Comment by Moemoney42on Dec 14, 2021 1:05pm

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Post# 34229555

RE:RE:RE:RE:RE:Canada's oil patch leads shareholder payout boom in energy

Agreed, but my point is some may take the opportunity to shelter some of the O&G gains against some of their losing positions.. not a bad idea when most if not all O&G stocks have had great moves this year.. and by the action in the last couple of weeks, I'd say its a good move.. shelter some tax gains.. buy back lower.. viola.. bob's your uncle..!! ;-)

LiquidOctopusV2 wrote: O&G stocks are up enough that there won't be any tax loss selling this year.

Moemoney42 wrote: Agreed.. I think tax loss selling and cap gains selling for year end balancing is playing a bigger part in the last months activity, than it has in past years.. for a trader this action is rather welcome.. longs will get frustrated and create buying opportunities.. I've used this type of weakness in past years to add or start positions and have been doing it again this year, although not in O&G but other sectors.. ;-)

LiquidOctopusV2 wrote: The market is really odd right now. Everyone's nerves on energy stocks are sky high. It's odd because the composite index is up. Do people not realize that energy is the spine and legs of the economy writ large?

DaveInvestor59 wrote: This is all true but you'd never know it by the stupid share prices of many of the energy stocks. Just look at Crescent Point. It's down almost 4% today but yet it's raking in the dough at $70.00 WTI. All the energy companies are, but their valuations are dismal.