Veren Inc T.VRN

A touch of a disconnect

[SmokeyOB]

Haven't posted in a while I am still in shock over the latest acquisition. I am still down about 2 bucks a share on that one. But why is this down 4x's oil today.  Looks like a disconnect.  My view is if oil doesn't recover CAPEX will be decreased substantially. Thoughts?

[barneyj44]

I think Investors are fed up with the way the crime syndicate controls oil. Oil is usually up overseas in the evening and gets taken to the woodshed once the U.S traders and shorts take control when our markets open. Personally I'm going to get out of this commodity once and for all when it rebounds this driving season..

[Marty47]

I think someone just dump a large amount of shares , the other thing is I dont know if they buyback shares since the acquisition , they maybe waiting that everything is settle to resume buyback , maybe I'm wrong , anyway if they do get back with the share buyback they will have themself a discount to offset the 2% new tax ..... again the stock don't have any new news since the acquisition

[ztransforms173]

Marty47 - (1/4/2024 4:50:07 PM)   RE:A touch of a disconnect *** - they DID - December CPG NCIB are OUT on SEDAR z173

[Marty47]

Thanks man ! 

[Marty47]

How much NCIB they did for December can't locate 

[ztransforms173]

- MASSIVE Performance Share Units (PSUs) EXERCISED FOR CASH by SENIOR MANAGEMENT {6 OFFICERS} on 1/1/2024 - beautiful work when you can get it LOL !!! ^^^ Filed 2024-01-04 12:06   Tx date 2023-12-29 $CPG Crescent Point Energy Corp. Crescent Point Energy Corp. 1 - Issuer Direct Ownership

[Marty47]

Thanks well they need to get more buybacks in 2024 to impact the share price ....

[SmokeyOB]

I don't think that was management, that will be there shares for the financing.  If it was the management or the directors there would be an name attached to it. 

[Moemoney42]

Looks like the NCIB to me.. redemption and cancelation as it states..

[DevilsTower]

Take a look at Canadian rig count. Tring to make sense out of it. Any ideas???

[Marty57]

What you are probably seeing is a huge drop off in activity over Christmas.  No need for alarm.  This is the normal annual pattern for Canadian drilling activity.  Practically every year drilling craters over Christmas and in the New Year it quickly picks up to annual highs in January, February and March.  In April Canadian drilling activity craters dramatically again due to