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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 > Gap up vs gap down
View:
Post by Rocket101 on Mar 07, 2022 11:45am

Gap up vs gap down

Some calling for a gap up level of 12.00 which I can't see unless the war expands then yes absolutely. A gap down I see even more possible and quicker with a truce and stop to shelling. Sanctions who cares. 6% of world output who cares ! Plus that oil probably end up in China. Energy investments have done extremely well if 2-3 yrs ago you didn't believe in never seeing 100.00 oil. So for what it's worth my gut felling is for big time correction at some point not in the to distant future. Think what you wish but parabolic price SPIKES can benefit you either way on the trading fence. 

jmho

Comment by LiquidOctopusV2 on Mar 07, 2022 11:51am
Gap down would assume this is overpriced, which is not supported by evidence or analysis at all.  We're still underpriced but it's still ticking up very quickly. 
Comment by Anschutz on Mar 07, 2022 12:34pm
Agree. The global structural deficit in energy can no longer be hidden. Owning energy producing companies is probably the best (if not only) way of protecting yourself from the effects of rampant inflation.  On a personal note I had to feign upset this morning as coworkers in one breath complained about the price to fill up and in the next about how their tech/green investments are falling ...more  
Comment by LiquidOctopusV2 on Mar 07, 2022 2:12pm
It's fun to complain about gas prices but, honestly, if you have a healthy portfolio full of energy stocks, the cost is trivial.  
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