Veren Inc T.VRN

Oil 84 bucks !!

[JTDOUBLE]

This should be a good week for most oil stocks  !! 

Cpg With blowout quarter we head to 7 bucks..

[BigJoe778]

Wait for the losses incurred due to hedging. I've seen this storybook before when oil prices were significantly higher than the company had forecast and based their projections about on. There's no doubt it's gonna move higher eventually with oil at $85 plus but I wouldn't bank on seeing $7 this week. It's possible but I certainly wouldn't bank on it. 

[Bpultra]

================ only a percentage of hedging will be out of the money ... what is also out of the money is anyone who shorted this they are in panic mode right now...  and hence we see a nice up tick!!! 

[BigJoe778]

I hope you're right! I'm only skeptical due to the fact they've managed to screw us over and over the last few years. I did take some profit off the table at $6.32 but I still hold a decent long block that I last bought at $3.82. Definitely a whack of shorts that covered in the last month or so. Hopefully we're heading in the right direction. As long as old Craig'er doesn't

[LiquidOctopusV2]

There is going to be some "bad news" re: hedging.  But, I'm certain the overall picture is going to be rosey.  Today's early action is bullish.  The last few trading days had below average volume.  If this week's volume is higher, I think we'll see the price run up quickly.  If it stays at a trickle prior to the earnings call, we might be looking

[Anschutz]

I thnik market and investors are looking beyond the short term influence hedges will have. Each day it's being made evidently clear that we're at the beginning of a global structural energy deficit. It's akin to what occurred in the 70s with the OPEC oil embargo and tanker wars (only worse). World banks and governments are stoking (and counting on) hyperinflation to save them. 

[Moemoney42]

I agree on all points Anshutz... the market/investors are looking into 2022 regarding the hedges and many of them have dropped off or are now at much higher levels.. sector rotation could well be under way from those high flying tech stocks.. that's been my position for months now.. ;-)

[Moemoney42]

A new catalyst for buyers to step in for the next leg up could be some companies increasing their divi's on the upcoming Q3 numbers that are able to.. that action alone will bring all stocks higher with the anticipation that even those that haven't increased their divi's or even have one deciding to do just that.. and soon.. all good..!!  ;-)