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 whodathunkiton May 12, 2017 12:50pm

156 Views

Post# 26237803

Re:Re:Re:throwing in towel

newbee85 wrote: if cpg closes above $13.40 it may mean a higher low and i'll hold it. but if not i have no choice but to unload my 150 shares at a huge -100%+ loss.

It is impossible to have more than 100% loss on any investment unless you are shorting and the price takes off before you can close your short. Assuming you bought CPG back at its peak days of $40, your current loss at todays prices would be 67%. So either you truly are a newbee and don't know how to calculate loss percentages, or, you are trying to create a negative vibe in hopes of improving your short.

Cheers.

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