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 > A Sea of Red

<< Previous

Bullboard Posts

Next >>

Comment by Moemoney42on Aug 19, 2021 10:13pm

158 Views

Post# 33738087

RE:RE:RE:RE:A Sea of Red

Hahahahahahaha.... now thats funny...!!!

schoolinmoe42 wrote: True that....just keep in mind, there are people making tons of money on the covid virus and all it's quick tests and medical promises.....just look at sona
Sona Nanotech Inc. | C.SONA Stock Message Board & Forum | Stockhouse

so at oil and gas's expense...we have people hyping the virus......

just saying....

quote=UnderTheRadar]Good analysis.

In my experience, the oil rug is eventually pulled out. I generally watch closely during "peak
price" hype as we saw mid-$70's where the buying ceased after a few attempts toward $80
WTI. Considering the absurd price crash last year, oil certainly had a solid run for all of us who "bought & traded those lows"

I won't complain about the profits and to be honest, some of the s/p moves exceeded my expectations as I always expect the hammer to hit hard.

Some traders believe current correction is a set-up for the next rally above $70 again but shareholders are always captive to the media manipulation virus which seem to mutate a new narrative every 3 months...

Grandcentral wrote:

This was a strategic undermining of the O and G sector, and we all could have seen it coming if we weren't so optimistic and calm because of the profitability right now.

What made the sector vulnerable...
•A lack of investors and support from new investors
•Summer lull and a compressed off season (summer was unusually good and the bears were waiting for the slightest negative news to pounce)
•Over-investment by those invested in O and G, with minimal cash support
•Investors with one foot out the door, as the sector lacks real confidence because of the constant political barrage
•Jitters and PTSD from March 2020 Covid market meltdown
This was an emotional sell off - the fundamentals across the sector are very good, and don't justify the ~25-30% loss in value in a couple weeks time (numbers show how irrational the sell off is).
It won't be long before we see a strong rebound.
The day we hear from the media that the 'fourth wave' is retreating, we will see a massive return to the sector - and hopefully a conservative government.
GLTA

UnderTheRadar wrote: Not the bloodshot-tequila eyes

My portfolio.

Looking forward to brighter days.