Veren Inc T.VRN

Question

[wentbrokefromcp]

I'd like to hear peoples thoughts on weather or not they think it's possible for the share price to reach $10.00 in the next 5 years?

as you might guess that's where I own it.

 Thanks

[Mikey77]

Depends on your opinion on where oil is headed I'd say. I personally believe they'll do an acquisition at some point this year (and put more faith in the current exec than the previous on making it a positive acquisition). That, along with 80+ WTI puts them in the conversation to eclipse $10 in the next few years IMHO.

[wentbrokefromcp]

Thanks for your thoughts mike. I was kind of thinking the same. I figure I need $80 oil to make $10 a possibility. cheers and food luck to the longs 

[Oil2018]

That's where I am 10$...200k worth in rrsp and spousal. Think of it this way 30$ at one time that's why we bought right. Two things we own a solid company....and we've avoided bankruptcy by not buying bad stocks. Will it be 30 $again...never...10 $ yes sooner than what you think...when oil spikes these things run...wait till planes start flying!

[wentbrokefromcp]

Thanks for your reply. I really hope you're right. I got involved in 2015 so it's been a long painful road. My first buy was at $28.00 and I've been buying ever since to get my price down to $10. OPEC still seams to have quite a bit of influence over oil prices. Let's hope their interests are to see it go much higher. cheers

[JohnnyDoe]

10 bucks is a 150% gain from here 80 dollar WTI is a 23 fcf gain per barrel from here If this stock is 10 bucks at 80 wti, something is very seriously disconnected