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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 29, 2018 10:11am
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Post# 27453690

What happened in May 2017?

What happened in May 2017?Who can solve this mystery?

As you can see from the chart below, CPG was tracking WTI quite closely.

Then, in mid-May 2017, it completely decoupled. WTI went up, CPG went plunging down.

https://i.imgur.com/FQqgnkD.png

-Futures curve flipping from contango to backwardation? No, that happened in October 2017.

-Widening WCS/WTI spread? Even though it doesn't affect CPG, could it be that negative sentiment towards all Canadian energy stocks brought down CPG too? Alas, no, this widening started occurring at the end of 2017.

Can any internet sleuths solve The Mystery of the Horrible Oil Stock?

Bullboard Posts
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