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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

Comment by BigJoe778on Nov 03, 2021 10:38pm
161 Views
Post# 34085095

RE:RE:RE:Why a CPG double is a matter of WHEN not IF....

RE:RE:RE:Why a CPG double is a matter of WHEN not IF....I only seem a little unglued when I continue to see people come on the bb and make statements they have no business making lol. This stock will be $7 this week.....this stock will be $11-14 in the near term......truth is anyone with half a brain that has followed this stock knows where it should be trading but nobody including yourself knows what this stock is gonna do near term or long term. There are so many variables that will decide where this stock will be next year as well as 5 years down the road. You mentioned sentiment......probably the absolute biggest variable affecting CPG right now. Obviously the market thinks it's trash or it would already be trading a couple bucks higher than it is. They can have all the FCF in the world but if they don't reward the shareholders then the market really don't care how much FCF they have. Over the years they've consistently showed that they'll reward insiders before shareholders and they're not scared of dilution hence the 520 million outstanding shares in the float. That many shares make it such an easy target for the shorts which we've seen over and over during the last several years. Look at MEG and WCP.....wasn't that long ago that all 3 were fairly close. MEG has absolutely left CPG in the dust and WCP continues to outperform as well. Just wait for the MEG earnings here in a few days......bet you they don't trade flat like CPG did......my guess is they'll see a decent pop. I'll stand by my prediction that CPG will be extremely lucky to see $8cdn by end of 2022......and hey that's 25% so not bad but others that are better respected by the market will see bigger gains. 
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