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Bullboard - Stock Discussion Forum Veren Inc T.VRN

Alternate Symbol(s):  VRN

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

TSX:VRN - Post Discussion

Veren Inc > oil under pressure
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Post by Bpultra on Feb 19, 2021 10:50am

oil under pressure

Dropped through 60.. and still going.. will probably drop CG back below 4.50 if DP (Deep Pockets) don't come back.. short are strong and keep breathing...  sold a bunch at 4.63 .. and will see how oiol holds but low 4.50's are a good place to maybe jump back in for a swing...
Comment by fortunetelller on Feb 19, 2021 10:56am
BP - What happens next week with the decline in output and the drawdown in oil ? 
Comment by Bpultra on Feb 19, 2021 11:06am
=============== I am guessing like everyone else... but yesterday I said the shorts would be back and they are ... they got some luck from OIL..... but that was easy to read .. because it was all about Texas... so media plays a big part on how the crooked stock market moves... we are trading against algo's .. so everyone yesterday said buy the 4.60's .. long term sure a safe bet but you ...more  
Comment by Anschutz on Feb 19, 2021 11:23am
Good question.  I've been wondering about this myself. Seem to be a lot of mixed messages around this.  I'm hearing: - US production is down due to frozen pipes = Bullish - Refineries shut down due to cold = Bearish - Gasoline and distillates fewer travelling yet people using cars to keep warm = Mixed My family in San Antonio TX tells me stations in their end of the city have ...more  
Comment by Backinblack1000 on Feb 19, 2021 11:41am
This post has been removed in accordance with Community Policy
Comment by Bpultra on Feb 19, 2021 11:56am
Well alot of times the move is baked in.. when its INV's time .. I mentioned that when oil was at 62... there was some chatter back awhile that you could pay for a servcie that would give you the report 15 mnutes before release ... but honeslty do not know of that is true or not...  still think we will see a draw down next week.. but on CPG it wil move on the 24th .. Q4 time .. oil may ...more  
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