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 > New 52 week low

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Comment by Anschutzon Dec 16, 2024 12:03pm

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Post# 36364338

RE:RE:New 52 week low

In all serious Moe, this may be a good strategy, but I think you have some time as I see nothing in VRN chart technicals to suggest its bottomed. It's actually quite divergent from the technicals of WTI and other companies in the sector. Could be a good bounce coming, but could also just as easily drop further. Personally I'd wait until it's clear the bottom is in. No need to chase nickels and dimes down if there is a bump of dollars higher in the future. Either it's manipulation by shorting sharks or there truly is blood in the water, which begs the question... is it a minor flesh wound or serious injury.

Moemoney42 wrote: yes its a brutal tax loss selling of the sector and add in the shorts piling on and you have a sector taken out behind the woodshed..!!!
I'm seriously considering what I can sell and move into VRN to take advantage of an oversold condition IMO..