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Veren Inc T.VRN

Alternate Symbol(s):  VRN

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.


TSX:VRN - Post by User

Post by smallcaptdron Oct 04, 2022 4:01pm
220 Views
Post# 35005031

CPG has a great runup to $9.54

CPG has a great runup to $9.54If we have another day of higher Oil prices we should be knocking on the door at $10 SP  if Oil keeps jumping $3 a day then we should be knocking on the door of $90 Oil. If the economy was bullish with OPEC cutting production we would be in the $90+ already so hopefully OPEC comes out with an announcement tomorrow giving us the facts then we can better understand where Oil is going. Having $90+ Oil would be a huge leap forward but does the market have it in it, we'll know soon enough. And let's understand that the only ones who want higher Oil are producers and holders of Oil stocks because everything aside from that is wrong pushing Oil prices higher as we enter a global recession. How much can the markets take before a breakdown comes? Europe is in a huge crisis and the last thing they need is higher costs of energy, China is still in limp mode, the US is heading for harder times, and every other country that has interest rates increasing doesn't need higher Oil prices. Higher Oil is the worst thing to do right now gouging people to pay more. We'll see how long Oil stays inflated before Oil returns some of this bullishness.
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