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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 > 102WTI - EU SANCTIONS - INFLATION
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Post by 1970Craig on Apr 24, 2022 2:06pm

102WTI - EU SANCTIONS - INFLATION

With oil trading at 102WTI and Europe looking to replace some Russian supply a little bit at a time , I think that even with some demand destruction we have a market that justifies oil above 90.  

    There is always a point , and the ones who post here regular have commented on this when .......
     but when oil goes down day after day , and then even on down oil price days , we have up days in the share price. 

   This is where buyers step in , and reality not speciation take hold.  It's a swing , like the last few , and we may head down a little more ., but the value is probably above 9   This is a over shoot as always .  

   If your longer term , then your dividend on your original investment is substantial ! 

  I mention dividend ( management being so quite does irk me ) but the gun has its chamber full of bullits . They are going to for sure raise the dividend prior to next dividend date , likely at earnings.  This will not hurt the share price. 

   There debt is being paid down heavily , but I keep hearing the hedge argument ?   I haven't heard anyone suggest in there demand destruction theories , that the hedging CPG has actually begins to be a good thing ?  

  Just one sided ,  I won't lie I am definitely a positive pumper, and I hold a substantial amount of shares In relation to my other sectors , but I am not a fan of this management . I feel there is something wrong at the top , or and my hope is , there going to merge with another player . 

   I don't know , I like the name , I hold it  I think we are going higher , a lot higher before summer , and yet I don't like management   

     I would be buying all I could at these prices .  You will be have substantial kick ( 10 % ) in the next 10 - 15 days  .
   Then we will see what the earnings of other oil names look like this week , and we can all begin to get a idea of how the industry is doing   

   One last thing , CPG makes $4 dollars more a barrel than WCP I believe per barrel    Yes per barrel   

  Whitecap is my other major holding .  

  Lastly didn't the banks just suggeet ( Morgan ) 130 dollar oil long long term
 
   Most everyone is NOT suggesting lower oil prices over the long term .  So my inflation argument and I am no economist , is that , Oil , gold , and other commodities are the only way to really keep up with inflation .   You know if milk is a commodity, and you think your ritch because your house doubled , but Milk doubled to .   You have the same buying power . Your no further ahead so to speak  
      

    So owning a commodity is going to hedge your inflation  

Good luck 

c

Comment by Lash99 on Apr 24, 2022 2:34pm
Thanks for the read. I agree on some points but where I disagree is regarding management. I think they are doing a great job ! Retiring debt , fanatastic ! Picking up and disposing of some non core assets , great ! Re the hedging , I agree I'm not a fan either however I believe talking to an oil exec they are required to hedge by the bank because of their debt load. Please correct me if I' ...more  
Comment by 1970Craig on Apr 25, 2022 4:30am
Agreed. !!   About Management and your thoughts, it's my hope that your right , and this would make me happy !!   Craig 
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