My 2 cents worth
First, this is just my opinion.
Second, I don't own any VRN.
Longs, do yourself a favour and read half a dozen 1/4'ly reports of ATH. This is a company that was at the precipice of death in early 2021. Note the theme of building shareholder value and the steps they've taken to get to where they are today.
I was in CPG from early 2017 until January 2021. The story was always the same. One more quarter and things will be great but they never took the action to get there. Every time they had a good week, they loaded on another load of debt. These managers may be skilled technically but have demonstrated no desire to build shareholder value.
I wallowed around in CPG for over 3 years, lost a ton of $, and finally took my lumps and bailed out in the 3rd week of January 2021 for $3.85 per share. I took the proceeds and bought ATH at 18.5 cents on the following day.
Skip forward from Jan '21 to today and here's where the rubber hits the road.
VRN(aka CPG) is up by a factor of 1.8x.
ATH is up by a factor of 27x.
I'm not suggesting you buy ATH but take a fresh look at what the management at VRN is doing. They have great assets but none of it ever seems to wind up in shareholders pockets.
Many, many, many oilies have outperformed VRN over the past 3 years.
Take a hard look !
glta
jmo