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Veren Inc T.VRN

Alternate Symbol(s):  VRN

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

Bullboard Posts
Comment by whodathunkiton Apr 20, 2018 7:07pm
102 Views
Post# 27920289

RE:RE:RE:RE:RE:C:CPG Crescent Point Reinforces Its Current Plan for Change

RE:RE:RE:RE:RE:C:CPG Crescent Point Reinforces Its Current Plan for ChangeTrying to figure out your reasoning - 
We know this mgm team is brutal - they've lost the confidence of everyone and have drivin the share price into the ground. They now want to give this garbage team more money.

Your argument is "better the devil you know" as if another team could possibly do worse - thanks for coming, appreciate your advice - hopefully no one is paying you for it.
[/quote]

Trying to figure out your reasoning as well.  You can't say they've lost the confidence of everyone because you don't know that.  It is your belief as such but the reality is plenty still believe in them.  Yes there are a number who don't but neither you nor I know what that ratio is.  Also saying that management is solely responsible for driving the share price into the ground is also factually incorrect.  Some of the share price drop is purely related to the price of oil dropping as well as shorters, manipulators etc.  The market is not a rational place.

The reality is that the price of oil seems to be settling in at the high 60"s and maybe heading into the low 70's.  At those prices CPG will do well and therefore the share price should begin a slow and steady rebound.  Any clowns, even the ones currently running it, should have success in that environment.

Your arguement is "better the devil you don't know", especially one that has no plan, as if they couldn't possibly do any worse.  Well, thank you for coming out, appreciate your advice, and hopefully no one is paying you for it.

Cheers.
Bullboard Posts