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

Comment by borne2runon Apr 10, 2019 6:51pm

155 Views

Post# 29609911

RE:Shorts on NYSe

Many of the remaining shorts are probably the result of pair trades.
Short positions on the TSX peaked in mid October at approx 17 million.
As of the end of March, the TSX short position had been reduced to less than 6 million.
The shorts are no longer a relevant factor.

On Monday, the stock price broke out from a complex head and shoulders bottoming formation.
Initial target is around $6.

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