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 > Down Again

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Comment by Moemoney42on Jan 06, 2022 11:03am

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Post# 34289040

RE:RE:Down Again

Agreed Radar... the first flush upwards catches the shorters off guard so they have to cover... then in the first 1/2 hr as the price has strength the new shorts come in to take advantage of the inevitable swing.. that's when the solid longs come back in to play IMHO.. ie: buy the dip, as the targets get raised and crude price stablizes..

UnderTheRadar wrote:

DaveInvestor59 wrote: How can this stock be going down so fast this morning with WTI up $1.50?!

Profit-taking and because investors are weary due to so much volatility. Hard to start new positions when stocks run to new highs. Would help to have fresh capital investment from institutions, foreign and otherwise.

Crude is surging for the moment and will likely see some resistance on former highs.

Don't forget the rabid shorts looking for opportunity, as usual.

A sustained move over $76.74 will indicate the presence of buyers. Taking out the intraday high at $78.16 will indicate the buying is getting stronger. If this creates enough upside momentum then look for a surge into the October 26 main top at $80.72 over the near-term.