RE:And yet another dismal performance My take is that VRN is trading at about where the market values it based on the last deal and flood of new shares they released into the market. The share price pop in the spring summer was orchestrated by the banks/investment firms to move shares off their books and into retail accounts when they got stuck holding the bag for the failed share sale. Once shares were off their books, the share price drifted down to about market value based on current production, massive debt and outstanding float.
Now I think VRN is on the cusp of another share price drop. Funds and firms know we're only about a month away from the start of tax loss selling season. Many who bought in the summer will be looking at their loss and selling before year end. Depending what happens in the middle east and the US election, we could see shares drop quite a bit lower before year end. Institutions will be waiting in the wings to pick up the cheap shares. Personally I'm not considering a move into VRN until probably the last few trading days in December or maybe sometime in Jan/Feb 2025.
barneyj44 wrote: What's with Veren, are investors throwing in the towel and moving to the Whitecaps and Cnq's. I thought this was supposed to be the "New and Improved Crescent Point(Veren) under the tutledge of Bryksa. What am I missing, still too much debt, trust issues with management. I don't get it.