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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.


TSX:VRN - Post by User

Veren Inc
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(9)
•••
Post by Mrlongpantson Sep 04, 2024 2:49pm
254 Views
Post# 36208444

TECHNICAL INSITE. GLTALongs.52 Week Range Low8.16High12.67

TECHNICAL INSITE. GLTALongs.52 Week Range Low8.16High12.67
2024 Jun 14
Head and Shoulders TopDaily
 
Intermediate-Term Bearish
Volume 2,325,448
Close Price 10.24
Target Price 9.00 - 9.30
Pattern Duration 53 days
Inbound Trend Duration 41 days

Tells Me: The price seems to have reached the end of a period of "distribution" at the top of a major uptrend; the break down through support signals a reversal to a new downtrend.

The Head and Shoulders Top is created by three successive rallies in the price following a significant uptrend. The highest high (head) is in the middle, flanked by two lower highs (shoulders) at roughly the same level. Volume is highest as the price makes the first two rallies, then diminishes through the right
 

6 Bullish
Most Recent Target 13.50 - 14.30
14 Bearish
Most Recent Target 9.00 - 9.30

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Dealroom for high-potential pre-IPO opportunities