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 > I think I figured out the market psychology to this stock

<< Previous

Bullboard Posts

Next >>

Post by JamesTon Jun 15, 2021 1:15pm

374 Views

Post# 33389115

I think I figured out the market psychology to this stock

When oil prices hits an all time high, the stock price shoots up a with optimism on potential earnings and FCF. As time passes however and investor has time to digest, they realise that this company is still runned by self interested management and then settles back down to its original level plus a few measly pennies.

Rince and repeat all the way to $80+ oil

<< Previous

Bullboard Posts

Next >>

Fobi AI responds to cease trade order, filing delay “disappointing”