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Bullboard - Stock Discussion Forum Veren Inc T.VRN

Alternate Symbol(s):  VRN

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 > Below $6?
View:
Post by Anschutz on Dec 18, 2024 5:24pm

Below $6?

Anyone wagering VRN drops below $6 CDN before December 30th?  Considering market sentiment and sell offs, I see nothing on the horizon to cause price to rise rather than fall.

Comment by dart321 on Dec 18, 2024 5:41pm
The market woke up today with the conversation about the trump tariffs and this is what you got. The fed saying maybe inflation will tick up next year. Look at the futures for tomorrow. This will continue until trump takes office and if he imposses those tariff the markets will crash. We all know what tariffs do to the pocket book of the average american. Whatever the tariff is on the goods they ...more  
Comment by Marty47 on Dec 18, 2024 5:58pm
Well I been waiting to buy for the last 8 months now ... I been seeing this dog sliding chasing his bone , one thing for sure I originally wanted get in at 7.50$ but .... I wait I wait I wait and now 6.45$ , I do believe 6$ is comming anytime soon if oil slip to 68$ . I think veren will start to look good at 6$ , dividend 7% pay out ratio 58% and as long oil over 60$ the dividend is safe as they ...more  
Comment by dart321 on Dec 18, 2024 6:18pm
I think it's a wait and see what trump does with oil tariffs on Canadian oil. If he imposes it then it's anyone guess how bad the market will be. It will likely kick off a trade war world wide and all stock nomatter what sector they are in will tumble because of the massive inflation it will cause.
Comment by Seppelt on Dec 19, 2024 10:11am
Tariffs are easily avoidable. There is no secret that the government run a Marxist feminist extremely unpopular PM is practicing open borders policy for either ideological or political reasons, hoping to bring in loyal voters. Million a year, legal or illegal, and that makes it easy for bad actors, such as terror groups or spies from China, Russia or Iran, to enter the U.S. Even the Biden ...more  
Comment by Seppelt on Dec 19, 2024 10:21am
Waiting until it drops to $6? Why don't you wait until it falls down below $5. Some unfortunate dudes who buy on margin will be getting margin calls, and if no cash to inject, will be forced to sell. That will drive the price down to $4.50 or $4.
Comment by Marty47 on Dec 19, 2024 10:41am
Ya well it's a possibility for sure if oil get to 65$ the stock will dive , all we need to do is watch the oil price , and not to be negative q4 can't be that great , oil is 6$ less in q4 , management did poor at 80$ oil , I can't see them comming out with stellar results .... I think this stock can do good with new management , Saxberg smell still hang in the office .... 
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