Whitecap Resources Inc T.WCP

Alternate Symbol(s): SPGYF

Energy Oil & Gas E&P

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

Whitecap Resources Inc > GLTALongs. Burn the shorts. Still low share price. On sale!!

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Comment by Citizen13on Jun 23, 2022 11:16am

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Post# 34777089

RE:RE:RE:RE:RE:RE:GLTALongs. Burn the shorts. Still low share price. On sale!!

Find a bottom ? How does one find a bottom? I've made an offer to guys on numerous sites and numerous times if they can predict a bottom and a top in any market or stock I will personally give them $100,000 . But, you will pay for all my losses if youre wrong. No takers yet. LOL. Sorry , but it's just a silly statement and only evident in hindsight. Warren Buffet investing is that you cannot time the market consistently , or likely EVER. Dont even try. For WCP you have to buy at increments of 10% down as the knife tumbles and hope it doeasnt go down 85% again.

Dogsbreakfast4U wrote:

pinecone11 wrote: >200 day moving average is now at 8.94. Looks like we may test this week unless we see a bounce oil. If it breaks that level we're going to 8.50.<

Just because we've got a bull market in oil doesn't mean we have to swallow that TA bull, does it?

Your sarcasm is classic. I'm sure you and others are paying attention to technicals. They turned ugly a few days ago and they are not looking any better. We will eventually find a bottom but it's better to be on the sidelines until it happens.