RE:Veren is the ugliest girl in the bar Pretty certain OPEC has an army of analysts dedicated to monitoring EVERY energy E&P company on the globe. If OPEC recognizes Canadian/North American companies are caught in a down draft, they won't hesitate to use it to their advantage. If Saudis decide the time is right to take back market share (and appease a new Trump administration), don't think for a minute they won't open the taps long enough to destroy Canadian producers. What they lose in the short term in oil sales to the USA, they'll make up in the long term as they steal Canada's market share. Trudeau will also gladly allow it to happen over the next year if it decimates Alberta/Saskatchewan and helps to usure in the demise of Canada. Trudeau will exit the political scene, retire to the tropics, and leave Canada in ashes.
We truly are in dangerous waters right now and it could get much worse. Full disclosure I'm fully out of the sector except for some shares in WCP that I hold for the monthly dividend. That being said, I'm watching WCP like a hawk and will bail if market/politics/sentiment continue to worsen.
Marty47 wrote: I know many talking about it's a good time to buy , some say "if cnq hit 5$ so veren can too " election are not done in USA , maybe in Canada soon , and Nutall is the pumper with no air , veren is like the ugliest girl in the bar that at some point you will pick up at 3 am if she's the only left , so she may look ugly but for me to bring her home I'm waiting to 5.5$ , she look pretty at this price lol like someone said everytime you buy veren , it keep going down so best time is really low