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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 > With Reports coming next .
View:
Post by JTDOUBLE on Oct 22, 2021 12:24pm

With Reports coming next .

Week , probably last time you see Cpg on low 6 bucks!!

Good chance we move to 7 bucks area after the report !!

Oil on bull run , might as well ride the rising tide rather than swim against it !!
Comment by JamesT on Oct 22, 2021 1:06pm
I hope your right but never underestimate the ability of this stock to let you down. You think with oil edging towards $85 we'd be around $7-$8 by now. Also everyone knows the results are going to be good, yet no one is buying. Good results might already be factored into the price of the stock. The only think I can see that will move the stock a gap higher is if they annoce another dividend ...more  
Comment by CdnOilObserver on Oct 22, 2021 1:36pm
$7.00 to $8.00??? When oil was last at >$80 - what was the value of CPG? Typically with the share price - there is leverage to the price of oil.  This leverage has totally disappeared. What did Nuttall say this past spring at $80.00 WTI Oil CPG should be $12.00 to $14.00???  
Comment by JTDOUBLE on Oct 22, 2021 2:06pm
Expecting at least 10 bucks with oil at this level 80-85 .. The earnings capacity with oil at high 80 could be a least 35-50 quarterly.. EPS would be just low single digits .. With dividend of 2.4% annually , with this revenue gorwth should be at least 12x bare minimum.. At 6 bucks still a value play , instead of a growth play here!!
Comment by Bpultra on Oct 22, 2021 2:37pm
=================== DJ Crescent Point Energy Corp Is Maintained at Market Perform by Raymond James Symbols: CPG Date: Oct 18, 2021 DJ Crescent Point Energy Corp Price Target Raised to C$9.75/Share From C$9.00 by CIBC World Markets Symbols: CPG Date: Oct 15, 2021 DJ Crescent Point ...more  
Comment by Anschutz on Oct 22, 2021 2:40pm
Or a bid for a hostile takeover.  LOL.
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