Veren Inc T.VRN

$75 oil and were red again

[barneyj44]

Is it our poor hedges, bad management or dim-witted board? Maybe a company name change is in order. Funny I sold a little Wcp ( green day) and added some more Cpg (red day). Sorry about that.

[highalpha1]

@Barneyj44: I'd like to understand something. If you don't have any faith in CPG's management team (and its executive decisions concerning hedges), why would you buy shares in the company? Why not buy shares in a company whose management you do support?

[Moernoney42]

This post has been removed in accordance with Community Policy

[barneyj44]

Highalpha1 I like our land holdings , the jury is out on our management team for the time being.

[highalpha1]

@barneyj44: Fair enough. I am not sure I agree with the prevailing view on CPG's management team -- that they are either incompetent or misaligned with shareholder interests. However, I do think I come to the same conclusion as Bpultra, Moemoney42 and others, when they suggest that until management does something to pursue shareholder returns, this stock will trade at a significant discount to

[barneyj44]

Well said Highalpha1, I tend to have a love hate relationship with my oil and gas stocks and at times take it out on management. I even added more Cpg today as something’s got to give sooner or later. 

[TrendSwapper]

I bet the reason for the lack of movement is because Shell is selling their shares. It will breakout eventually here, but frustrating.

[Bpultra]

============ last report I saw they still owned them all.... but it has been a couple weeks since I looked 

[highalpha1]

@Trendswapper: I doubt it is Shell selling its shares in CPG. When a large holder of a publicly traded company sells its stake, the shares trade at higher volumes than normal. This suggests to me that Shell selling CPG shares is not the reason for the recent share price weakness.

[Bpultra]

============ Ownership Name Shares Current Value Change % Portfolio %   8.6% Shell Asset Management Company B.V. 50,000,000 CA$275.0m 97365.89% 3.78% 6.79% Franklin Resources, Inc. 39,509,583