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.

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Veren Inc > CPG Technicals

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Comment by Bpultraon Nov 22, 2021 10:34am

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Post# 34152645

RE:RE:RE:RE:CPG Technicals

well look at that ... how is everyones sub 5.50s buys looking today.,.. groovy!!!
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Bpultra wrote: added another 2000 at 5.46 ..may take a few days to wash these out but a deal here IMO

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UnderTheRadar wrote: I decided that $5.50/below was a worthwhile add last week when CPG was at the $5.80 level.

The only current concern I have is that we might not only see a further oil price decline in near-term but an overall very range-bound trade if negative demand narrative speculation creates added selling pressure. It's not like we energy investors haven't seen the rug pulled before...

SchoolNmoe42 wrote: Thanks...35.3...good to know...
Should not have, but did, add first stinky this am....not really what I wanted to...but...
Added some other places, and confident....that all will return in time.....not ready to sit at home another winter for this covid scenario......gotta be a better way...imo

UnderTheRadar wrote: On Nov 10, the "diamond top" bearish pattern signaled a $5.10-5.25 target.

At $5.50 level, daily RSI is 35.3.

Noticed today that WCP's initial bearish target of $6.72-6.82 was hit today.
On Nov 12, another bearish signal indicated $6.20-6.40.
RSI on WCP is 36.8...

I haven't been jumping in yet; still holding CPG position and waiting to add some more.