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

Post by Carlos66on Sep 22, 2016 3:55pm

82 Views

Post# 25267305

TA/chart---1 yr.

---looking positive
---vol spiked on Sep.9 to almost 13M., tailed off, but still elevated near the bottom was forming(exhauston?)
---MACD, RSI, OBV, Fast stoch., Accumm/Distr all ticking up with RSI & Stoch. actually giving a preliminary buy signal; although todays action notwithstanding.
---we still have the oil price trading algos still using the word 'freeze' when ever an OPEC member uses it to send the oil price higher for a bit.
---CPG not trading with the price of oil as you can readily tell be today's trading action.
---still have another swoon down (oil price) to contend with even though the USD-oil relatonship is not so much a factor anymore it seems.

carlos

Bullboard Posts

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