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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 > someone tell the seller oil is up
View:
Post by JamesT on Feb 03, 2022 1:05pm

someone tell the seller oil is up

This stock is moving in inverse of oil prices today. Why would the sell off in tech stocks affect oil companies.
Comment by arizonabound on Feb 03, 2022 1:37pm
This post has been removed in accordance with Community Policy
Comment by JTDOUBLE on Feb 03, 2022 1:53pm
Some of these retails runs for the hills when  fundamentals are getting better!!
Comment by Moemoney42 on Feb 03, 2022 2:16pm
I would also think that some of the money coming out of Meta (+/- 200 billion) has caught some of the traders/institutions offside with margin calls.. so what do you do to cover the margin calls.. you sell some profitable holdings to satisfy the bankers.. thus the cross the board sellling IMHO.. 
Veren Inc
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