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 > Technicals

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Comment by Moemoney42on Jan 13, 2023 11:22am

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Post# 35221179

RE:Technicals

A near term catalyst IMO could be Q4-22 numbers.. Crude was averaging over $80 for the quarter which of course was down from Q2 & Q3 but the hedge losses for Q4 will be 10's of millions of dollars less easily.. the balance sheet will have less debt as well.. now consider higher hedges.. less hedged for 2023 and a strong crude price IMO 2023 will be a year when all the naysayers (smallpecker) will proven to be wrong in their short term focus..

Aurum1983 wrote: Bullish

Retesting 200MA for the fourth time. We broke out of a two-months continuation wedge from Nov 14, 2022 with yesterday's close. If it is confirmed with today's close we are looking at 60 day trend of $12.50 to $13.50. What I want to see is SP shoot past the 50MA on the daily and stick above for some time then we are set to take off.

Only bullish catalysts in the intermediate foreseeable period which should allow the trend to play out nicely...especially in a time when we will be attracting investors from across the spectrum from those looking for growth or just a nice dividend.