Veren Inc T.VRN

We are clearly in an oil bull market

[mbuch]

but CPG seems to have maxed out below $10. 

Need $120 oil to get past $10 I guess.

Crazy cash flow machines are not worth much these days I guess.

[Moemoney42]

Just on BNN.. Adam Johnson, an equity trader in the US stated he's selling some of his profitable O&G stocks to buy beat down tech stocks.. this tip of the hand could be why we see oil stong but O&G stocks still selling off? That and as I mentioned before, possibly the need to cover margin calls could be another reason for the weakness recently in O&G stocks..? 

[EstevanOutsider]

Adam Johnson is an idiot. Economic cycles don't go from tech to oil and back to tech. Energy leading is the end of a cycle and start of a bear market for tech. Adam Johnson was selling his oil stocks for the past two months to buy tech. Clutz.

[Dogsbreakfast4U]

They need to have a major announcement next week saying they intend to give the majority of the FCF to shareholders. For the management and Board that is a very hard thing to do as they view the company as their own personal property. If they only raise the dividend by a few pennies and say they will see what they will do later this year the market is going to punish us shareholders even if we are

[LiquidOctopusV2]

It's hard for them because they're fiscally responsible and have clearly articulated their debt targets.  Stop asking the company to act like politicians and throw money around. 

[Moemoney42]

Could end up closing in the green before the day is over? Wouldn't surprise me.. ;-)

[Moemoney42]

WTI over $110.. watch those stop losses folks.. you could get stopped out today..! 

[Moemoney42]

Been watching the trading this AM and noticed a bit of a pattern.. slowly a penny at a time traders are walking the price down on smaller volume.. then all the sudden big buys and it jumps multiple pennies at a time.. this tells me there's big money accumulating and stop losses are getting triggered.. could I be wrong.. possibly.. I was wrong once.. LOL.. ;-)

[Moemoney42]

Wonder how many stop losses got whacked with that last bit of selling..??  ;-)

[barneyj44]

Good call on ending the day green Moemoney42, part of it could be in anticipation of quarterly results next week. I'm batting 0 for 2 on two of my holdings going into quarterly results. Both Whitecap and Arc had a bit of selling pressure, thought they both had not too bad of results Arx a little weaker with there hedging losses but they raised there dividend. With the general market selloff

[1970Craig]

Hey Barney.      I'm in the same club. But I am sure you agree , CPG for sure is due for something.... anything ?! ,  As they have been stealth in communications that would raise the share price.         There is a point , where as much as they want the price lower for share repurchases ,  that even there most loyal backers  will look

[barneyj44]

I'm good 1970Craig, been adding Cpg here and there. Whitecap and Crescent Point are my two oil holdings and I'm in the belief that Cpg has some runway and will play some catch up once numbers come out. I like them both and now have equal positions.

[1970Craig]

Same same.  !!!

[Anschutz]

Make sure you have some dry powder at the ready to buy the drop. If there's one thing you can count on, CPG management and share price will always disappoint to the downside on an earnings report. 

[bonjovi501]

I agree management 9 out of 10 times screw the pooch so why change. I pray one day this will change but do not hold your breath

[LiquidOctopusV2]

The current management is stable as a table.  They do not screw the pooch and they are delivering on everything they said they would.  I would, however, like to see them draw down the hedges more rapidly.  But, they've been transparent about the hedging policy, so it's not like I wasn't warned.  Maybe a year ago or more, I even liked the hedges.  

[Lash99]

Really dude ? You ever had a business before ? Our , CPG's results will be ok/good . The smart play will be to continue to pay down debt and then ... give a little to the shareholders ... buying back shares , which I don't agree with . I also think they will pay nothing in the way of increasing dividends at least I hope they don't but unfortunately they will probably retire more shares

[Moemoney42]

I'm beginning to think that we won't see a major breakout of this sidways movement until possibly late in the 3rd quarter or 4th quarter.. barring an increase in the divi. which I'm still calling for Q3 at the latest but do believe they could bump it up to 6 cents quarterly for Q2 with no problem.  It seems that the big money investors still aren't believing in a sustainable