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

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TSX:VRN - Post Discussion

Veren Inc > Why?

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Post by spurwing2 on Feb 04, 2022 4:02pm

Why?

What the fish-cake happened here?They picked off every penny gained today with oil at over $92.00.Go figure!

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Comment by DaveInvestor59 on Feb 04, 2022 4:11pm

Practically all of the energy stocks made huge gains right out of the gate this morning and then fell back down for much of the day. Huge disappointment. All that money evaporated lol. This was definitely a day that didn't reflect the WTI price. Something else was going on to bring all the energy stocks down, but I'm not sure what. Manipulation of some sort? I doubt it was retail investors ...more

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Comment by spurwing2 on Feb 04, 2022 4:47pm

Correct DaveInvestor,I wondered too and I'm very disappointed.It's as if they are expecting the WTI to fall back 'bigly'!

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Comment by wentbrokefromcp on Feb 04, 2022 5:15pm

Definitely a disappointing day but I think it's just a matter of building a base. The market isn't ready yet for $9.00 cpg. We're up like 75% in a 3 month period....it's still consolidating that move in my opinion

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