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.

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Veren Inc

Bullboard Posts

Comment by yaymakemoneyon Apr 24, 2019 3:16pm

82 Views

Post# 29665702

RE:RE:Why is he whole sector getting clobbered today^

It has nothing to do with CVE. The entire sector is out of favor. Look at US oil stocks, they've been hit badly as well.

One algo decided to short oil equities, and then the momentum algos piled on. A lot of things happen with no rhyme or reason nowadays, it's robot trading.

Oil equities have made strong gains recently, I'm sure people are taking money off the table after such a run and I'm sure stops were reached.

I wouldn't be surprised to see another leg higher tomorrow.

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