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 > Not gonna fight this for now

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Comment by NonCredibleSrcon Oct 20, 2021 12:17pm

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Post# 34027387

RE:Not gonna fight this for now

OneDayRodders wrote: Oil goes up a buck and this struggles to post any gain
Oil goes down a buck and it responds immediately

Chart looks like it's rolling over in my opinion and the same short term for Oil perhaps.

So sold today and will look for a re-entry lower if above plays out

CPG is up (time of writing) 1.3%. WCP only up .93%. Overall however I agree - the negative notion for CPG on oil falling does seem to outweigh the increase when oil is up.

I am expecting (hoping?!?) that CPG valuation has a reset (specifically an increase) on Oct 28 with the release of the past quarter. This may be able to change the CPG immediate reactions to oil pricing.

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