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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 1970Craigon Nov 13, 2022 2:22pm
216 Views
Post# 35095106

RE:WCP - HITS NEW 52 WEEK HIGH

RE:WCP - HITS NEW 52 WEEK HIGH
1970Craig wrote:

 I feel this week we get back to 12 and we test new highs. 

This week I think this is going to happen.  I am making that call !   I feel it in my bones and that Chinese COVID announcement happened with the US markets closed so what happens this week.  I think it's  a massive dead cat  bounce.   Oil might be okay I say that all the time , but there will be a pull back and I think it's coming next year.  Look at 81 and 82.  Not the same. However I was 11- 12 years old I remember the for sale sign going on the family home and it didn't sell not even any one looking. It was tough we ate soup and I am not exaggerating.  We were broke. So I know 1981 and 1982 was the last year I ever played ice hockey we couldn't afford to keep playing. 

   So 81 was 2022 and I feel 82 is 2023. 

So on some level I see a property correction I see a wide correction before we have a slow correction for 10 years while everything plays catch up.  Can't raise rates and have home prices go up , they go down.  Soon the rates go to where they home owners can't pay and there lies the massive massive tank that is coming next year. 

  This is what I believe and I might be wrong about the event ! . I am pulling my money out at the top of whatever this current run goes  and if I am wrong I will be okay.   I am going to GIC or whatever and I am going to wait for the right time to come back.  

   I am hoping to get 13 min to 14 maybe 15 before I leave.   So I am not leaving for yet. .  It's coming though 15 dollars a share is coming !  I might miss it and that is okay too.  

     I am hoping all of my friends here make Bank !!!   I also could change my mind if we get different  information on the economy and what not.   

    I am playing this like it's going to get really really really bad before it gets better.  

   We have massive issues and disconnect with wages and the cost of living I see  a stagnant house market for years maybe 10 I already said that !!   So who knows oil is a commodity and it's got good metrics for supply and demand. 

That's my ramble !!
Craig 


OMG.  Wrong board.  I am so so sorry guys.  Love CPG.  

once again I am sorry for posting on the wrong board. !! 

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