Latest news with #VRN
Time of India
12 hours ago
- Automotive
- Time of India
Road ministry plans to expand the use of FASTags to other sectors beyond toll collection
The ministry of road transport and highways is exploring ways to expand the use of FASTag for charging of electric vehicles , parking and insurance, over and above paying for the toll on national highways, to firm up the next phase of growth for FASTag besides enhancing user convenience and fostering good governance through integration of technology. The Indian Highways and Management Company (IHMCL), under the administrative control of the National Highways Authority of India (NHAI), on Wednesday held a workshop with fintech companies to explore innovative applications of the FASTag system. 'The objective of the workshop was to gather insights from leading fintech players on various aspects such as regulatory compliance, grievance redressal, security, and non-toll applications of FASTag to expand its use and support its next phase of growth,' the ministry said in a statement issued after the meeting. The workshop also aimed at building awareness among the fintech companies about multi-lane free flow (MLFF) tolling to encourage their active participation in this technology-driven transformation of tolling infrastructure, the ministry added. MLFF tolling is a barrier-less tolling that enables transactions through reading of FASTag and vehicle registration number (VRN) by high performance RFID readers and automatic number-plate recognition (ANPR) cameras. Live Events The national electronic toll collection (NETC) FASTag programme operates across 1,728 toll plazas (1,113 national highways and 615 state highways), contributing to 98.5% of toll payments. India has roughly 110.4 million FASTags issued by over 38 banks. 'The FASTag ecosystem has immense potential, not just for tolling, but as a foundation for seamless digital travel experiences across the country,' road transport minister Nitin Gadkari said. 'Through collaboration with fintechs and other stakeholders, we aim to expand the utility of FASTag into a robust platform that will enhance user convenience, streamline transport and mobility services, and bring greater efficiency to the sector,' Gadkari added. According to road secretary V Umashankar, the essence of this workshop is to look at the toll collection mechanisms and how to make it cashless, convenient, time-efficient, fraud-free, and error-free tolling in a collaborative manner. 'We envision fintech as a provider of innovation and the government will be the facilitator to create an end product that will provide a better experience to the road user,' he added. Economic Times WhatsApp channel )
Yahoo
26-04-2025
- Business
- Yahoo
Why Veren Inc. (VRN) Is Up the Most So Far in 2025
We recently published a list of . In this article, we are going to take a look at where Veren Inc. (NYSE:VRN) stands against other energy stocks that are up the most so far in 2025. The energy sector has been volatile, and macro trends have led to fears of recession. The S&P 500 energy sector gained almost 9% from January till late March, but it has been dragged down by the broader market correction. Brent futures have hit lows and sent many energy stocks into a tailspin. Yet, there are still some energy stocks that have defied the odds and have delivered solid gains. Midstream companies have been exceptionally resilient, and renewables have also been a bright spot in the energy sector. Even during bear markets there are pockets of the market that perform exceptionally well. For instance, tech stocks have been in a bear market, but I recently identified in another article. For this article, I screened the best-performing energy stocks year-to-date. I will also mention the number of hedge fund investors in these stocks. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Aerial view of an oil & gas refinery, showcasing the scale of operations. Number of Hedge Fund Holders In Q4 2024: 22 Veren Inc. (NYSE:VRN) is a Canadian oil and gas exploration and production company focused on light oil in southern Saskatchewan and central Alberta. The biggest recent driver for the stock's rally in 2025 was due to Whitecap Resources and Veren (NYSE:VRN) combining in a $15 billion transaction. This news, combined with speculation of a successful trial of a new tech product and quarterly earnings that beat expectations, has attracted significant investor interest and pushed the stock up. The consensus price target of $12.67 implies 112.53% upside. VRN stock is up 17.33% year-to-date. Overall, VRN ranks 11th on our list of energy stocks that are up the most so far in 2025. While we acknowledge the potential of VRN, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than VRN but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: and . Disclosure: None. This article is originally published at .
Yahoo
24-04-2025
- Business
- Yahoo
Is Veren Inc. (VRN) the Top Oil & Gas E&P Stock Outperforming Despite Sinking Oil Prices?
We recently published a list of . In this article, we are going to take a look at where Veren Inc. (NYSE:VRN) stands against other top oil & gas E&P stocks outperforming despite sinking oil prices. Oil prices have crashed by as much as 8.5% since the start of this month as Donald Trump reignites the tariff war. At one point, it was down as much as 18%! The broader market, as well as investors, have come to terms with a harsh reality: the tariffs are here to stay! Inflation resulting from these tariffs threatens to send the country's economy into recession, and global oil demand is reacting accordingly. The oil prices continue to tumble, threatening the future of some of the major oil producers of the world. Amid this uncertain environment, some oil and gas stocks are outperforming the market. We decided to take a look at these stocks to find gems that can help retail investors outperform the market in these tough times. To come up with our list of the top 10 oil & gas stocks outperforming despite sinking oil prices, we looked at the oil & gas exploration and production industry, considering only the stocks with a market cap between $2 billion and $10 billion. tcly / Veren Inc. (NYSE:VRN) develops, acquires, and holds interests in petroleum assets operations. The company recently entered into a merger agreement with Whitecap Resources in an all-share transaction valued at approximately C$15 billion, along with debt. The company's stock is up 5.18% in the last one week of trading. Raymond James analyst Luke Davis shared his thoughts on this merger by saying: 'The merger is a match made in heaven and a long time in the making, as the combined company is positioned exceptionally well thanks to Whitecap's management team and poised to improve operational performance and capture synergies across the value chain.' Veren Inc. (NYSE:VRN) also offers an attractive dividend yield of 5.5%, which makes it a compelling candidate for income-oriented investors. There was a surge in the market price once the merger was announced, but that could be attributed to an arbitrage play between the two companies involved. Over time, one may see the stock price correct itself to come back to its previous valuations. However, investors shouldn't forget that the Canadian Oil landscape has now changed with the two companies coming together. The resulting entity will be in a better position to negotiate favorable pricing with service providers and be less prone to risks that normally affect its now smaller peers. Overall, VRN ranks 4th on our list of top oil & gas E&P stocks outperforming despite sinking oil prices. While we acknowledge the potential of VRN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that has gone up since the beginning of 2025, while popular AI stocks have lost around 25%. If you are looking for an AI stock that is more promising than VRN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
06-04-2025
- Business
- Yahoo
Why Veren Inc. (VRN) Performed Worst On Friday?
We recently published a list of . In this article, we are going to take a look at where Veren Inc. (NYSE:VRN) stands against other Friday's worst performing stocks. The stock market suffered a bloodbath anew on Friday as investors digested news of a growing trade war, with China making good on its promise with a steep tariff on US goods. As of 2:55 PM, the S&P 500 lost 5.47 percent of its value, the tech-heavy Nasdaq fell 5.37 percent, and the Dow Jones was down by 5.09 percent. Following President Donald Trump's imposition of hefty tariffs on all imports to the US, China on Friday struck back with a 34-percent tariff on US goods. The tariffs will begin on April 10. Ten individual stocks mirrored a broader market pessimism, recording steep intra-day losses. In this article, let us explore Friday's worst intra-day performers and the reasons behind their decline. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5 million in trading volume. A close-up of a wellhead, showing off the company's production of oil and natural gas. Veren Inc. saw its share prices drop by 13.64 percent at intra-day trading as investors repositioned portfolios amid the heightening trade war between the US and its largest trading partners. In recent news, VRN announced it was merging with Whitecap Resources Inc. for a transaction worth $15 billion. Under the agreement, VRN shareholders will receive 1.05 common shares of Whitecap for each VRN common share held. The combined company will be led by Whitecap's existing management team under the Whitecap name with four VRN directors set to join the Whitecap Board of Directors, including the VRN's incumbent president and CEO, Craig Bryksa. The transaction is expected to close before May 30, 2025. Upon completion, the merged company would become the largest landholder title in Alberta Montney and Duvernay, a prominent light oil producer in Saskatchewan and will leverage the combined asset base and technical expertise to drive improved profitability and superior returns to shareholders. Overall, VRN ranks 10th on our list of Friday's worst performing stocks. While we acknowledge the potential of VRN as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than VRN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
05-04-2025
- Business
- Yahoo
Why Veren Inc. (VRN) Performed Worst On Friday?
We recently published a list of . In this article, we are going to take a look at where Veren Inc. (NYSE:VRN) stands against other Friday's worst performing stocks. The stock market suffered a bloodbath anew on Friday as investors digested news of a growing trade war, with China making good on its promise with a steep tariff on US goods. As of 2:55 PM, the S&P 500 lost 5.47 percent of its value, the tech-heavy Nasdaq fell 5.37 percent, and the Dow Jones was down by 5.09 percent. Following President Donald Trump's imposition of hefty tariffs on all imports to the US, China on Friday struck back with a 34-percent tariff on US goods. The tariffs will begin on April 10. Ten individual stocks mirrored a broader market pessimism, recording steep intra-day losses. In this article, let us explore Friday's worst intra-day performers and the reasons behind their decline. To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5 million in trading volume. A close-up of a wellhead, showing off the company's production of oil and natural gas. Veren Inc. saw its share prices drop by 13.64 percent at intra-day trading as investors repositioned portfolios amid the heightening trade war between the US and its largest trading partners. In recent news, VRN announced it was merging with Whitecap Resources Inc. for a transaction worth $15 billion. Under the agreement, VRN shareholders will receive 1.05 common shares of Whitecap for each VRN common share held. The combined company will be led by Whitecap's existing management team under the Whitecap name with four VRN directors set to join the Whitecap Board of Directors, including the VRN's incumbent president and CEO, Craig Bryksa. The transaction is expected to close before May 30, 2025. Upon completion, the merged company would become the largest landholder title in Alberta Montney and Duvernay, a prominent light oil producer in Saskatchewan and will leverage the combined asset base and technical expertise to drive improved profitability and superior returns to shareholders. Overall, VRN ranks 10th on our list of Friday's worst performing stocks. While we acknowledge the potential of VRN as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than VRN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
