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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TSX:VRN - Post Discussion

Veren Inc > I could see red at this pace...

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Post by mbuch on Jun 23, 2022 10:38am

I could see red at this pace...

Oil still over $100 and I could be going red on CPG soon.

This is getting ridiculous. Don't know whether to buy more or dump it all with some sort of gain.

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Comment by TheBridge on Jun 23, 2022 10:59am

So at what level of crude prices would CPG reach a breakeven point or start losing money? What would be the level of economic activity or inactivity in North America and the world that would reduce the consumption of crude products to crushing levels and destroy producers such as CPG? I think we're either in or approaching the Chicken Little stage of the sky is falling stage. IMO, hang on to ...more

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Comment by Moemoney42 on Jun 23, 2022 11:04am

Getting ridiculous is certainly an understatement.. funny thing is with 50% of their production hedged these higher prices aren't really doing anything for the balance sheet, as anything sold over the hedge price is a zero sum gain.. but of course the market just sells everything industry related as the price of crude wobbles.. crazy times..!

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