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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 > TECHNICAL INSITE. GLTALongs.....
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Post by Mrlongpantson Sep 26, 2024 2:24pm
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Post# 36242715

TECHNICAL INSITE. GLTALongs.....

TECHNICAL INSITE. GLTALongs.....
Flag (Bearish)
2024 Sep 25Daily
 
Short-Term Bearish
Volume 4,566,547
Close Price 8.54
Target Price 6.70 - 7.10
Pattern Duration 11 days
Inbound Trend Duration 9 days

Tells Me: The price seems to be resuming a sharp decline after taking a brief pause.

A bearish Flag pattern occurs during a dynamic market decline, representing a brief pause as the market "catches its breath" before running off again in the same direction. The pattern consists of two parallel trend lines, often sloping upward against the prevailing downtrend, and is confirmed when the price breaks down through the lower boundary to resume the decline.

Stomped out. Sold a bunch today. Bought back into TESLA.
Oil is unpridictable. GLTALongs


2024 Sep 25Daily
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