Veren Inc T.VRN

CPG should Do What PRECISION DRILLING did.

[Mrlongpants]

20 shares to 1 share. That for sure improved the share price. it is now recovering from the shorts. GLTALongs.

[Moemoney42]

Too much manipulation lately for my liking... what do you good folks make of this type of activity.. suspicious to me..!! Lots of crosses between houses smells bad to me..?? Recent Trades - Last 10 of 5680 Time ET Ex Price Change Volume Buyer Seller Markers 13:37:37 O 4.04

[CdnOilObserver]

A 2:1 spilt would put the price above $5.00.  This would enhance the margin-ability for new purchasers, and those looking to write options on the stock making the cost of shorting the stock much higher for the Shorts....

[Moemoney42]

I'd be in favor of that.. an $8 share price and half the float.. I vote yes..!! Not to mention EPS would rise as well.. ;-)

[Anschutz]

Any uptick in the share price would be momentary before negative sentiment would again drive the price back down.  The only way CPG rises is by changing market sentiment.  The only way that occurs is when Bryska and the board reward investors for having held shares.  Other investors will come on board when they realize the company is spinning wealth out to shareholders. 

[Anschutz]

F no to a reverse split!  Hold management accountable. Provide a dividend and attract investors.  THIS. IS. THE. WAY.

[Backinblack1000]

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[TheBridge]

I think the Board and Management paying down their debt as fast as they can is the most productive way to get this share price moving up. Crude oil prices need to stay up to help the process of reducing the debt. The people running the company have to want the share price moving up as much as we do. A reverse split of 20 to 1 would put the current share into the $80.00 range and take most retail

[Marty57]

Bridge, I agree that paying down debt is the #1 priority and the great majority if FCF should go to paying off debt.  But if prices hold up where they are now, then FCF for 2021 should be somewhere above $400 million I think.  Maybe hiving off some of that cash flow to reward us long suffering shareholders is timely now, and does not greatly affect the debt reduction goal.  One can

[CdnOilObserver]

CPG Management must create shareholder value.  Even Nuttall stated today on BNN that investors were weary of this stock due to its enormous implosion.  Raising the dividend to 3%, or $0.12 is a modest start.  Continuing the NCIB is an excellent idea.  They have done a good job at paying down debt, and they should continue.  But it is time to balance the interest of the

[Gassy166]

I think if you look at the performance during the downturn of 2020 it's pretty clear which companies weathered the storm better than others. It wasn't companies that bought back shares it was companies which bought shareholder loyalty by paying dividends. Compare charts of whitecap, arc to cpg then look at metrics debt, shares o/s,production, cf etc etc

[Mrlongpants]

No thats not right. The reason is that the institutional investors which use others money placed their bets on these other companies. Just remember why we are holding the bag. CPG still has debt but also owns those properties . the institutional  investors tolds to get in because of those properties. GLTALongs.

[Mrlongpants]

Most of the outstanding shares are retail investors like you and I. By reverse split you are still owning your portion of the company. if is $80 its still down 50%. Why because of the shorters. They cant afford $80. This will come back soon to its true value. where that is right now $4 should be equal with WCP at the least. GLTALongs.

[CdnOilObserver]

A reverse split has no immediate impact on the current shorts.  But having a stock over $5.00 makes it much more margin-able for new investors to buy, and also option traders.  Once someone writes cover-calls, that stock can't be loaned out to shorts.

[Mrlongpants]

lock up your shares Guys. i bought the shares. .Put a sale order for three months at a time at price higher. GLTALongs

[CdnOilObserver]

Nuttall says 100% upside - put in an order to Sell at $8.00. This prevents your broker from loaning out your shares to short.

[Bpultra]

================ If he said that explains why we are red ...lol  nutbar he is one of a kind

[Bpultra]

======================= TAMARACK VALLEY ENERGY (TVE TSX) Then: $1.70 Now: $1.63 Return: -4% Total Return: -4% BAYTEX ENERGY (BTE TSX) Then: $1.47 Now: $0.98 Return: -33% Total Return: -33% PRECISION DRILLING (PD TSX) 1:20 Stock Split November 12, 2020 Then: $1.66 Now: $30.30 Return: -9% Total Return: -9% Total Return Average: -15%

[Anschutz]

Accounting games... death by a thousand cuts.  Nothing says a company is doing well more than FCF, shareholder dividends and rising share price. 

[Mrlongpants]

PD (TSX) was down a whopping 65% until they reverse split. Look at the facts folks.GLTALongs

[Backinblack1000]

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