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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 > Love this board
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Post by Redfoxy on Jul 08, 2021 9:43am

Love this board

to all the pumpers who rationalize how great management is and what a wonderful job they are doing, to the "explainers" who say, "no, you wont see a rise in cpg just because price of oil goes up as most of the production is hedged and so minimal impact on share price" and to others who are offended by anyone else who has anything to question of management...now how do you explain this under $5 canadian share price?

of course one or two idiots will say, "ignore" this guy, and so be it but still does not change the fundamental that this is dead money.  Of course there is a huge upside if they can ever get their acct together.
Comment by bonjovi501 on Jul 08, 2021 9:46am
not to sure I have heard anyone say management has done a good job. In fact it is time to clean house and get a CEO with balls.
Comment by Bpultra on Jul 08, 2021 9:48am
======================== Simply put the shorts walked this down.... and the margin limit changes under $5 so anyone on margin and since this was 5.50 close to $6  I am betting alot went on margin and are not gettting calls .. so it takes a day or two to clean this up... and for the shorts to scoop and cover.... here is where management can help .. start a heavy NCIB .. but I am pne of those ...more  
Comment by TrendSwapper on Jul 08, 2021 9:52am
Not sure I understand. They are paying off debt and are in a much better position than 5 years ago. The only difference is the stock price, which pretty much mirrors all med cap o&g plays out there. With how much they are making at these prices they will wipe debt in no time. Debt is the top priority over buying back shares and increasing the dividend. Oil is likely to reach 100 again and they ...more  
Comment by Anschutz on Jul 08, 2021 9:59am
Debt and dividends in tandem. CEO can't be trusted. The company will always have some amount of debt. Holding off on paying shareholders in order to reach some ambiguous management defined level of debt is foolish. CEO and board have incinerated investor trust & goodwill.
Comment by Bpultra on Jul 08, 2021 9:59am
============ whether you understand or not MR.Market thinks other wise right now... under $5 .. that is the current metric and if the insiders do not buy heavy NCIB down here .. they should be removed 
Comment by arizonabound on Jul 08, 2021 9:58am
This post has been removed in accordance with Community Policy
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