Veren Inc T.VRN

TD has just updated its research on VRN

[Income]

It remains a BUY with a reduced price target of $12 (previously $15). It appears inexpensive to me. As a newcomer to this stock, I have been purchasing shares. Today's overreaction should subside. It seems as though all the sellers have exited.

[Alpha72018]

Take caution on price targets for this or any other company. Look back on prior targets set by whatever bank for x,y,z company and see how many have actually materialized. Know why you're investing in this company (yes, the market always over/undershoots, but it's cheap for a reason) vs other companies that currently have less risk, better metrics, etc although more expensive (again, for a

[Marty47]

Ya llike someone said be careful with these price projection from td cibc ..... these folks are the most incompetent you can find , they just put any number to earn their pay cheque and when the stock fall , they lower their projections , nobody is reliable , I like @Buffet but he too make mistakes but he@s more knowledgeable , he@s just doesn@t put number from his hat lol , and for veren well be

[jimrabbit]

It's been "inexpensive" for a long long time and it's also getting "lessexpensiver" until it finally hits 0 

[Anschutz]

Hear me now believe me later... Today's volume was 17,632,714.  Significantly higher than the daily average.  Almost exactly one year ago, Bryska and board flooded the market with an additional 48,550,000 shares. All of these shares are significantly underwater. The current float sits at 615,539,646. Many of these shares are also underwater. Between excess global supply

[Ocalaman]

Say hi to Franz for me when you see him! 

[Anschutz]

LOL... back when SNL was actually funny.  

[JohnSP]

Anshutz, good post and points. I've taken the other side and averaged down :(, after listening to the CC (transcript available on SA): 1) On today's 15% share price crash, Craig replied overdone as 10k boe/d drop this year is 2k oil, 2k condensate, & 6k gas (which has minimal value). 2) Plug and Perf that gave poorer prod results, albeit at lower cost is used by competitors in