Veren Inc T.VRN

POS

[JayEthy]

This name is a complete POS now.  Oil has moved from $73 to $79 and going higher yet Veren is down.  What a joke.  Clearly shorts have control of this POS - dead money, buy HOU or HOD to get an accurate following of the commodity.

[JayEthy]

And to support my earlier comment.  Since June 4th... USOIL +7% Veren -3% Nuff said on this POS.

[NobleHouse]

Jay, what you say maybe true not that our board know-it-all would agree , to hear him speak it's only been 4years of owning and reaping huge rewards , actually somewhat longer and if has made money it's because he bet the farm on lower prices and waited ,For Years.However l do not agree with what you would invest in those 2x and 3x leveraged plays are for gamblers or those who follow all

[Moemoney42]

Hey Jay.. it's all relative.. most of not all in the sector are down in case you hadn't noticed.. and.. its called buy low.. sell high.. if you bought higher and missed my "all aboard" post a week or so back its not the company's fault..  Or you could follow a tuna sandwich promotor for advice.. LMAO..! You might get a deal on tuna..?? 

[JayEthy]

Oh look, USOIL up yet again and Veren flushing yet again.  What a joke!

[Moemoney42]

Jay is this the only oil stock you watch..??? They're all down ya joker..!

[JayEthy]

I follow the sector dummy, and Veren has blatantly ignored it for the entire week.........

[baranja]

Not to worry, WCP is folloing it.  As Mr. Lahey like to say:  A s**t brothers.

[JayEthy]

Moemoney - perhaps you need some chart reading and technical analysis lessons.  For example, since June 3rd... MEG -3.82% VER -8.88% It's leading the pack on average by more than double for the last week since the sector has gone up 7-8%.  I've been following this stock {CPG} for the last 6 years minimum, and since the name change to Veren for whatever reason it has

[Moemoney42]

First of all if you've been "following the sector" you would know that MEG and VRN are not apple to apple comparisons. Second, if I took the time I could find similar comparisons to VRN's numbers if not worse, but I don't feel the need to educate you. Third, that's a pretty narrow window of comparison regardless of who you are comparing Fourth, if you don't like it

[Anschutz]

What's different between CPG (oh... I mean VRN) and MEG? Perhaps the corrupt banks finally finished offloading the boatload of freshly minted shares they were sitting on into retail accounts. VRN has historically since at least 2015 been the leader of the pack when downtrends occur.  Although lately WCP has sure been giving it a run.

[Mikerich]

Totally agree, this stock is garbage. USOIL up 1.5% and Veren down once again. POS! 

[Anschutz]

Watching the price action of this stock since January, it's been very educational.  What I gleaned is how effective the market makers and investment firms can be at pushing a stock higher when they are left holding a bag load of freshly minted shares that no one wants at the offer price. I'll add this scenario to my list of things to watch for as it did present a great opportunity

[Moemoney42]

The silver lining I suppose is crude is hovering around $79.. the CAD is lower so margins are even better at the end of the week.. winter drilling will be brought online more and more each week.. the potential for a facilities spinoff could bring big bucks to the balance sheet..?  I think I'll just enjoy golf for the rest of the month and see what July brings.. I'm guessing we'll

[Anschutz]

Have to agree with you Moe. I'm out of the market except for a core holding of WCP.  I'm watching and waiting to see what fall brings. I'm looking forward to vacation very soon with many hot days on the lake and long warm evenings on the deck.

[Anschutz]

Trading algos factoring in the impact of a US federal rate cut on the price of oil. Canadian producers always take it on the chin as the investment pool in Canada has been reduced to ash by the Trudeau globalist government. Canada remains under attack and our government is complicit.