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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

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Post by Marty57on Feb 18, 2021 10:06am
156 Views
Post# 32594733

Hang on to those shares for a while longer

Hang on to those shares for a while longer
The news yesterday was very welcome and stock price has responded.   But I think more good news is coming down the pipe that will further lift the share price, so may be best to hang onto your traders for a while yet.  Next weeks report on Q4 20 may be pretty positive and they might have some very good announcements (dividend?) for shareholders on top of the purchase from Shell. Also, the crude draw to be reported by the EIA next week looks like it could be epically big. Short sellers are getting burned bad and must be forced to buy, putting further upward pressure on share price. All this while oil prices just continue to move up.  Lots of tail winds for CPG!... finally.  Good luck to all longs!
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