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Veren Inc T.VRN

Alternate Symbol(s):  VRN

Veren Inc. is a Canada-based oil producer with assets in central Alberta and southeast and southwest Saskatchewan. The principal activities of the Company are acquiring, developing and holding interests in petroleum and natural gas properties and assets related thereto through a general partnership and wholly owned subsidiaries. Its core operational areas include Kaybob Duvernay and Alberta Montney, Shaunavon and Viewfield Bakken. Its Kaybob Duvernay is situated in the heart of the condensate rich fairway, Central Alberta, which provides low risk drilling inventory. Its Alberta Montney assets sit adjacent to its Kaybob Duvernay lands, possessing similar resource characteristics including pay thickness and permeability in the volatile oil fairway of the reservoir. Its Shaunavon resource play is located in southwest Saskatchewan. The Viewfield Bakken light oil pool is located in Saskatchewan.


TSX:VRN - Post by User

Bullboard Posts
Post by sellthefarmon Dec 06, 2012 11:30am
403 Views
Post# 20692720

Look at 5 year chart... support around $36

Look at 5 year chart... support around $36

You have to have a long-term view of CPG, not just 52 week. YTD its down 18% and that sucks.  But looking back you can see support at $36 three times in 2010, 2 times in 2011 and again in June 2012.

Technically speaking if it falls below $36 then I'll start to worry.  I'm a long time holder of CPG so I've bought at these levels and as recently as the $40 offering.  With three years of dividends and regular share purchases I'm up slightly at these price levels so I'm not running for the hills.  But I am going to be watching the support at $36 very closely.

Bullboard Posts