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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
Post by bagoon May 18, 2018 10:40am
91 Views
Post# 28052106

Greed...

Greed...Is what's getting everyone in trouble. Looking for multibaggers and not protecting your capital is a recipe for disaster. A 10% annual return plus a dividend is a very good investment in my books. I hold some postitions that are long but as far as trading goes take your money when it's there and start over. Not sure how someone lets a stock go from 40 to under 10 and takes no action especially with a deteriating commodity price. There is always an opportunity to get that 10% sometimes over a day or two and if you want you can sit for months until another one comes up. Folks want to make money everyday and you can't beat the market as it will eat you up and spit you out again so the number one rule is protect your capital and be patient. If you don't leave yourself in a postition to take advantage of an opportunity when it arises then you basically have gambled all your money all in and at the markets mercy. Do your DD and always never buy or sell all at once. Not lecturing but trying to pass some of my experience and knowledge to others that came at a large cost over 30 years of trading.
Bullboard Posts