RE:Hey Look, Ian's backOur firm always mentionned that Canadian banks have some much lended to Whitecap that their hopes and dream price target is to make sure their loans get repaid, by fooling retail investors to buy and hold the bag,
In a few weeks driving season will be over. Covid variants will make the news, Australia has inittiated new lockdowns.
Our computers data shows you are an employee of a money mangement fund. Although we are not 100% positive on that.
Opec will increase production and their will also be bad economic datas to come.
What will drive oil related stocks down is lower than expected gasoline and distillates consumption.
Whitecao ressources has a very intricated way of accounting using the many subsidaries they own,
You can keep selling to people to buy Whitecap shares , nobody will stop you.
The odds of low share prices are high.
Although their is one aspect that is could be a variable. It is the accounting done by Whitecap to report quarterly earnings but so far we do not have infos, that would provide poisitive futures.
Most major Canadian banks will keep pushing Whitecap shares to retail investors. And bid hedge funds too.
Ian Barter. Always for retail investors. Don t let bank analysts fool you.