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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 CashHungryon Dec 06, 2021 9:51pm
154 Views
Post# 34204676

RE:RE:RE:RE:RE:RE:Precipice of an epic rally

RE:RE:RE:RE:RE:RE:Precipice of an epic rallyMy point is if you believe in $90 to $100 oil and that CPG will meet its production and capital guidance and that the market will return to some level of sanity with regards to valuations then it is not outlandish to expect the stock to hover some where between $12 and $15 by the end of next year.

I don't have a crystal ball, so I can not know for sure whether sentiment will improve next year or if higher oil prices will materialize as expected.  But I do no know my forecast is reasonable and based on fundamentals. 

Now I am not a technical trader, but it appears you fancy yourself as one.  However, I do suggest you do a little more homework as it seems the tools you're using are not up to the task.
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