Veren Inc T.VRN

Always the leader of the pack down...

[mbuch]

Looks like another pan sell off in the markets today.

Seems like it isn't going to end until China opens up again.

[Moemoney42]

Agreed, far too much headline trading, as I've mentioned in the past.. that's all I'm hearing from BNN this morning about "headline trading today".. all its going to take is China say they're removing lockdowns and you'll see a snap back quickly.. there again it will be another "headline" trade.. not at all based on fundamentals.. IMHO.. Q1-22 oil numbers

[mbuch]

Yeah, numbers should be killer, but I thought that last quarter and they were, and oil kept going up, but CPG just hung around... An increase in the divy might help their cause. China will never just remove their lockdowns unfortunately. Not sure what's going on there though. Maybe they know something the rest of the world doesn't??? Crazy times for sure.

[Moemoney42]

Lots of dynamics at play.. profit takers, swing traders, margin calls, then you have  the shorters pile on as they can see the weakness and they add to the swing.. these companies have based their projections of much lower crude prices to be profitable..  Then you have to consider Russian crude outflows slowing.. storage levels at 5 year lows and going lower.. lack of investment

[Anschutz]

China's leaders are doing all they can to try and lower commodity prices. Their manufacturing is dependent on low input costs and cheap energy. Shanghai and all the videos 'leaking' out of China are fake as F. Same playbook they used in 2020 to crash prices and scoop up commodities on the cheap. I have dry powder at the ready and will be a buyer if CPG dips into the 7s. This could be