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

Add To Watchlist

TSX:VRN - Post Discussion

Veren Inc > Suncor our big brother

View:

Post by smallcaptdr on Jan 27, 2023 2:05pm

Suncor our big brother

I don't like talking about trading but today is one of those days where ATH for no apparent reason is up another 5% I guess it becomes more attractive with lower Oil which affects Oil Sands the worst because of the high production cost of around $35- $40 a barrel or ATH is up because of Keystone being down a month, Keystone Pipeline runs Oil from the Oil Sands to the US and Q4 will be watched today is just daytraders like us playing musical chairs watch out for the music to stop, you could see that everyone is hesitant on selling because we keep seeing Oil bounce back to $81 but today could be different, how many time will the US push Oil down to $79 before it stays today being the 3rd time in Jan so stocks are reacting strange indeed so I'll watch how Suncor trades on days like this and for the longest time it rallied till they threw the towel in just look at today's candle stick. And if you want to play with ATH just be careful