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Veren Inc T.VRN

Alternate Symbol(s):  VRN

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

Comment by baranjaon Nov 02, 2024 2:19pm
157 Views
Post# 36293769

RE:RE:My 2 cents worth

RE:RE:My 2 cents worthMake sense Citizen,

It is very bad to take a big loss and sell it,.. but it is a catastrophy you sell it, take a loss, and the next week something major happens in the middle east, and this pops 20% back to where it was and goes even more. 
The question is will this go down?  I think this is way oversold.

Now when I compare it WCP,.  Thisone now has similar dividend, bigger production, more oil, half of market cap. more debt but still it has only 50% of market cap. 

This is where the difference in management comes in full view, while WCP is very shareholder friendly with  massive insider buys, this one has horrible management and very shareholder unfriendly team.



Citizen13 wrote: I understand your frustration .  I havent been in CPG/VRN for years .   Now, in retrospect had you not bailed at $ 3.85 you could have experienced $ 12.67 .  Not preaching , I bailed many times on things where I kicked myself as I would have gained all my money back and more . It's what I did with WCP.  * years of waiting , doubling down, tripling down until my average cost was less than what the stock was worth. The only saving grace was it was so bad I had nothing left to lose. These things are traders , not investments . I'm monitoring VRN now because it seems the pendulum has swung way too far on the bad side. I personally think all the capitulation will happen when end of tax loss selling is done mid December.



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