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 > Tax loss selling bump in the new year

<< Previous

Bullboard Posts

Next >>

Comment by Moemoney42on Dec 10, 2024 10:30am

142 Views

Post# 36354592

RE:RE:Tax loss selling bump in the new year

Agreed the Trump effect will have an additional skew to the already hard to predict outcome for a while.. I keep hanging on the fact that demand isn't being erroded and demand for energy is at an all time high and growing leads me to think this slump in the CDN O&G sector is temporary.. but the trend in this last quarter makes it hard to swallow some days..!

Anschutz wrote: I saw that segment and although agree we could see a beat down of some stocks, I think timing is critical. Other than the argument share prices have cratered on some stocks, considering sentiment and looming unpredictability with Trump and Jan 20th inauguration, I see no rush to buy back in early January. Market movers are pushing these stocks down. With momentum on their side, I see tax loss selling rolling into Trump speculation, meaning we see further share price devline or stagnation, without a meaningful rise before the end of January or possibly the Feb/Mar period.

Moemoney42 wrote: Greg Newman was just on BNN saying he expects some of the beaten down tax loss sellers that have gone to far could in fact see a tax loss buy back in early Jan. 2025..
I have to agree with that thought.. heck could happen before if some of the early sellers get in before the new year.. that could create a short squeeze at the same time..! IMO