Veresen Inc. T.VSN.DB.B

Whats your view?

[sleapeasy]

Vsn seems to follow oil for the most part and oil seems range bound between high $30s to low $40. 
So does that suggest s/p for vsn of $8.50 to $9.50?
The low range is my buy point for adding shares and mid $9 for selling added shares for now this seems to work for now.

[Beckysboss]

 That will work until it doesn't.  The stock has had some quick advances in the past,  news is hard to predict,  sentiment in the patch is changing. 

[ERTguy]

Correct me if I'm wrong but isn't this more of a natural gas play than Oil?  Besides this stock's movement between last week and this week so far has pretty much traced the movement of NG price

[Beckysboss]

  VSN if you overlay the charts with oil or gas looks to follow oil around more than gas.  VSN started dropping with oil and followed it down,  gas hasn't moved around like oil so much the last couple of years.  Remember the price of condensate thru Aux Sable  is a large variable in their cash flow  when you look at their revenues the past couple of years, so oil