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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
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Post by Fundipon Jan 24, 2018 2:37pm
148 Views
Post# 27425739

WTI @ $70 - $75

WTI @ $70 - $75I wouldn't be surprised if CPG was under $12 with WTI at $75. It doesn't seem like a good way to play a rise in oil, for whatever reason.

I made a huge bet that oil would rise by investing in oil stocks when WTI was at ~$40. Instead of buying oil stocks, I should have bought oil futures. The price of oil stocks is completely disconnected with the price of oil. Oil stocks go up much less than oil when oil is up and go down much more than oil when oil is down. Thus, CPG in particular is the best name to short when you are bearish on oil. Lesson learned.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities