Bullboard - Stock Discussion Forum 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... see more

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Veren Inc > The Pro's Worst tumblers

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Post by juvefooballclub on Jan 25, 2021 2:05pm

The Pro's Worst tumblers

2 Oil Stocks That Could Drop to $0 in 2020

Christopher Liew, CFA | May 11, 2020 | More on: CPG BIR CPG

Watch for the Warning Signs Stock Market Prices Trends 3d Illustration — Image source: Getty Images

The negative sentiment on oil stocks is likely to carry on for months. There will be more losers than winners as capital flees from a sector that is showing minimal signs of rebounding. Canadian oil companies are no longer attractive as they were in previous years. Some might even be insolvent before this year is over.

The shares of Birchcliff Energy (TSX:BIR) and Crescent Point Energy (TSX:CPG)(NYSE:CPG) are trading below $4. Their year-to-date losses are 42.8% and 68.5%, respectively. It might come to the point that the prices of these oil stocks will drop to zero in 2021.

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Comment by Bpultra on Jan 25, 2021 3:22pm

YOu caught ..LOL

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Comment by Backinblack1000 on Jan 25, 2021 3:36pm

This post has been removed in accordance with Community Policy

Comment by Bpultra on Jan 25, 2021 3:48pm

LOL may 11th everything was going to zero that is why you loaded up on cpg at 88 cents It seems our football buddy is alwasys running out of bounds with these cut and pastes like may 11th .. come on now ... one more like that and I will even ignor you lol

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