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Whitecap Resources Inc T.WCP

Alternate Symbol(s):  SPGYF

Whitecap Resources Inc. is an oil-weighted growth company. The Company is engaged in the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its core areas include the West Division and East Division. Its West Division is comprised of three regions: Smoky, Kaybob and Peace River Arch (PRA). The properties in its Smoky region include Kakwa and Resthaven, all located in Northwest Alberta. The primary reservoir being developed is the Montney resource play, mainly comprised of condensate-rich natural gas. Kaybob is located in the Fox Creek region of Northwest Alberta. The primary reservoir being developed is the Duvernay resource play, mainly comprised of condensate-rich natural gas. The PRA is its original asset area. Its East Division is comprised of four regions: Central AB, West Sask, East Sask and Weyburn. Its Central Alberta region represents the bulk of its Cardium and liquids-rich Mannville assets.


TSX:WCP - Post by User

Post by WINDGOD46on Feb 24, 2022 10:58am
262 Views
Post# 34458023

Market makers trashing the stock

Market makers trashing the stockAt the market open when there are not too many sellers to meet the demand from the buyers, market makers are borrowing the stock at high prices and sell it to buyers at also high prices. To get their money back now they lower the bid-ask as low as possible to buy back the stock at a low price and return to the house. And that lasts so long as it is needed to get their money back. Then ,hopefully more  sellers and buyers will make up the market and in an up day the stock will go up. 
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