RE:Whitecap 1970Craig wrote: Seems we run past $10 and a sell off occurs. Some good profits coming in for them. Would prefer they held. However having a consolidation now is better for us because we are getting new shareholders at the $9.80 to 10.10 leval who will hold to higher highs. So my guess is this is going to wash out in the end and this is hopefully the low end of the floor. Should see a close above 10 in the next 2 days. Here's to hoping.
For those longs who are holding there hand right , I am here with you. Let's stay strong and get to $11-$12 plus.
Craig
Hey Craig, I also like to see consolidation here. It's appropriate and as you say gives us new support at this level. Fully expect to break through $10 sooner or later.
During the Q4/21 conference call last week, Grant suggested that WCP may be looking at the possibility (logistics) of actually increasing production to take advantage of the elevated WTI price.
And that was before we broke $100.
The already bullish WCP Q1/22 forecast will be easily beaten if this new WTI price runs through all of March.
Acquisitions may be off the table for the very same reason. Everything would seem too expensive.