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 bumblebee99on Aug 07, 2018 3:44pm

263 Views

Post# 28423193

1 year chart

Over the last year, CPG has bounced after hitting these levels. The lows have been $8+ and the highs have been $11.

If we break $8, then all heck will break loose.

I wouldn’t put it past CPG to do that, even at $70 oil.

I sure hope we bounce back to $11 though, but I don’t see that happening.

Meanwhile, on the NYSE, we are $0.20 away from an all-time low. CPG listed there in 2006, and even in the depths of the recession did it not trade anywhere near the levels it is today.

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