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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

TSX:VRN - Post Discussion

Veren Inc > This is
View:
Post by Moemoney42 on Oct 31, 2024 2:58pm

This is

comical the price of WTI up $1.75 and VRN down on such a small miss.. I wouldn't even bat an eye to those slight numbers.. but of course the algos are having a hay day..!!
I'd love to see a rally into the close and force the shorts to buy back in..  ;-)
Comment by Alpha72018 on Oct 31, 2024 3:04pm
Hey Moe, long time... It's not so much this quarter (was expected) that it's selling off on, but more so on the guidance that it will cost more to produce less moving forward for 2025... What happens if it costs much more than anticipated to produce less than forecasted? Lots of risk here in the short term, so can't blame bag holders for not wanting to stick around. 
Comment by Moemoney42 on Oct 31, 2024 3:27pm
True Alpha.. its been tough hitting the exact targets that the "street" wants.. but that's nothing new.. I've never been in favor of "street" numbers.. they can skew reality too easily for my liking.. I've decided to do my part to squeeze the shorts and picked up a few more today.. I'll wait and collect the divi in the mean time... PS I have a very low cost base ...more  
Veren Inc