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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

TSX:VRN - Post Discussion

Veren Inc > Ridiculous sell-off
View:
Post by DaveInvestor59 on Jul 16, 2021 11:17am

Ridiculous sell-off

Who wants to invest more money in a sector that is behaving ridiculously right now. All the energy stocks are going down in big numbers every day, and the stocks are not reflecting the price of WTI. I wouldn't dare put more money into such an unpredictable sector right now that isn't following fundamentals at all. That's like throwing good money after bad. When I see stability happen again I might consider it, but right now in my opinion all bets are off and you can't count on anything when it comes to energy stocks. I wish I wasn't invested so heavily in it right now.
Comment by TrendSwapper on Jul 16, 2021 12:18pm
I think earnings will change the trend, provided oil doesn't keep taking a beating. It's up right now but CPG, and most others, are down. Manipulation to accumulate at lower prices in advance of earnings. This quarter will be good and the next even better, again if oil stays put. Should be averaging down and not selling into their plan.
Comment by Moemoney42 on Jul 16, 2021 12:24pm
I agree TS.. this disconnect is very suspictious right before a flurry of Q2 reports start coming out.. could be a whipsaw move to the upside and hopefully catch the shorts off guard.. now if management would only listen to many here and start the increase of the divi we could get a rally.. between a rock and a hard place.. buy through the NCIB at lower prices or offer an increase divi to support ...more  
Veren Inc