Bullboard - Stock Discussion Forum 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... see more

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Veren Inc > Short interest in CPG (and other O&G stocks)

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Post by highalpha1 on Jun 14, 2021 6:15am

Short interest in CPG (and other O&G stocks)

The short interest in CPG remains high and has increased over the last two weeks for which data is available. As of June 6th, CPG had over 23 million shares shorted (as a percentage of its float, the short interest in CPG is among the highest in the energy sector). These shorts will eventually need to cover. I anticipate that the short interest in CPG will serve as another catalyst for above average performance for this company, versus the sector index, going forward as an eventual short squeeze will have a disproporinately positive impact on CPG.

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Comment by Bpultra on Jun 14, 2021 8:55am

===================== If you have been here long enough you will understand that the shorts have had full control ... hence why we are not over $6... yes a short squeeze also helps the longs... but that has NOT been the case with CPG... possible some have covered on the last little dip...but yes there is still a whack short... the insiders could help this... with the NCIB and a DIV increase... but ...more

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