Veren Inc T.VRN

Alternate Symbol(s): VRN

Energy Oil & Gas E&P

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

Veren Inc

Bullboard Posts

Comment by check737on Oct 08, 2014 10:49am

233 Views

Post# 23009816

RE:RE:RE:RE:Now what?

check737 wrote:

UppersDowners wrote: Great value is a under estimate on CPG and bought a bunch the other day at $39.11 and wished I had a bunch of cash when it went to $38.15 to average down. Oh well if it heads lower I will be ready this time. Great long term hold.

Everyone should look at their 5 year chart and realize this stock does this over and over. Once it peeks it drops all the way down to suport, this time $38.00 looks like where it will get to.
It will likely grind for a while and start a new climb later in the fall or early winter.
Not a good time to sell but I wouldn't be buying here.
JMHO

Looks like $35 is the next suport, I think the fear of 2008 still lingers in many minds.

Bullboard Posts

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