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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.


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Post by Jonny2fingerson Oct 07, 2022 2:46pm
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Post# 35012923

Torque to the upside and downside

Torque to the upside and downsideI find it interesting when comparing CPG to WCP price movement that, generally speaking, CPG drops more than WCP on a down day for oil price, but rises higher than WCP on an up day for oil.

It wasn't long ago that CPG was significantly higher than WCP, then over the past 3 weeks or so was significantly lower than WCP, and now over the past couple of days has risen again to be higher than WCP.

Inrealize they aren't directly comparable companies, but they have enough in common that the price movement jockeying jumps out at me.

Any thoughts why their prices move like this vs each other?






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