Veren Inc T.VRN

Veren is sure taking a drubbing

[barneyj44]

lately. We use to trade in lockstep with Whitecap with either one making slight  moves either ahead or behind. Lately it's been a downhill slide for Veren and Whitecap taking the lead. I know Wcp has been buying back shares and that may be some of the reason but this fall is getting over done. I hope. Lol.   I hold both companies.

[TheBridge]

This drop in share price has provided an opportunity to add. Veren's dividend is kept lower than WCP but that supports paying down debt at a faster pace. Some of Veren's wells that have come on stream lately are also among the top producers. It will still take some time, unless we have some kind of a unexpected catastrophe, and the Veren share price should climb back up into the $11 range.

[Marty47]

You are 100% correct , I'm waiting in December to reload some share at a 6% dividend it's still sustainable so I'm just an opportuniste and would like to buy at 8$ ... 

[packerdriver]

Yep....I AGREE with Marty !!!! OMG!!! Been loading on cash last two weeks....looking to get back into Canadian oil in december when tax selling starts.....VRN at 8  bucks would be a good candidate

[Moemoney42]

Not sure why but the number of trades in many stocks I follow were huge today.. even with VRN.. millions of shares traded in the first 15 minutes and the board lots before open were huge..!  What caused all this volume today.. was it triple witching..???

[Moemoney42]

Yup just got confirmation it was triple witching today..!  Have a good weekend everyone!