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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

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Post by fishcarrieron Jul 27, 2024 11:45am
277 Views
Post# 36151151

VRN is a good stock,

VRN is a good stock,sentiments to the contrary here notwithstanding. I was lucky enough to have a fair bit of cash on hand this past week, and I bought up a lot of shares when they hit the low 10.20's. Then I started selling them off again yesterday when they rose above 10.40. Now I am ready to buy them back on a day when the market is down on a day when oil is down also. 

But as a whole, VRN closed at 10.49 before the Q2 report. It took that dive to below 10, but bounced right back to close at 10.44. And I think it has more upside as production will rise H2. The analysts seemed content with Q2 results. GLTA
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