Veren Inc T.VRN

Noteworthy

[TheBridge]

In an article this morning ' Scotia analyst reveals his stock picks for the top resource play in North America' by Scott Barlow, Market Strategist at the Globe and Mail. 
Scotiabank analyst Cameron Bean sees big opportunities in the Montney formation in Alberta and British Columbia. "We expect the Montney to be a key driver of Western Canadian production growth over the next decade and a hotly contested M&A target over the next 12-24 months. Top Exposure. In our view, TOU, TPZ, AAV, ARX, CPG and WCP offer investors the best high-return organic growth potential in the play."

[whereshunter]

i am trying to decide if i should sell some cpg and add to wcp if both get to the same sp. any thoughts?

[DrBill1]

Because of the Saudi's, expect a strong positive bias on crude oil barrels over the next 3 - 4 months. This bias will support all oil producers.  CPG has been playing it close to the vest with very safe forecasts, forecasts which they should easily beat. Therefore, I would, if I were you, stick with CPG until at least early 2024, re-assessing then. Regards, DrBill

[whereshunter]

ok, thanks. i currently have 11000 wcp & 16300 cpg . was considering 50/50 split

[JohnnyDoe]

I don't currently own wcp but do have a sizeable position in CPG.  Where we are in the cycle right now, I think you'll do ok holding any of maybe 15 names. I'd slant to companies producing more oil than gas, but that's long been my bias.  I think both companies will do fine. I think you'll just end up pilling your hair out of you get say 30% on CPG but BTE or Pou

[DrBill1]

Not really a big difference.   I always have gone with my intuition, so I don't kick myself afterwards.  So, given that, go for it & see how well your intuition is.  And, remember should things change you can always re-balance---anytime.  You do not need to wait.  Furthermore, I feel there might well be mergers/acquisitions that develop before long.  That

[JohnnyDoe]

Yes I can see mergers next year. Wouldn't surprise me to see wcp and CPG merge. The only issue would be which CEO ego survives. 

[TheBridge]

Johnny, from many years of observation and attending WCP agm's I'm convinced that the Fager's ego is infinite.

[fishcarrier]

I did exactly that. I hold about 2/3rd Wcp to 1/3rd CPG now. But the difference to me is not terribly great.  I worry a bit about next year's production outlook for '24.