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Bullboard - Stock Discussion Forum Whitecap Resources Inc T.WCP

Alternate Symbol(s):  SPGYF

Whitecap Resources Inc. is a Canadian clean energy 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... see more

TSX:WCP - Post Discussion

Whitecap Resources Inc > Day traders are losers on steroids
View:
Post by WINDGOD46 on Jun 29, 2021 3:11pm

Day traders are losers on steroids

They go bonkers every day for a buck. Never knowing when to quit and when to get in. The run of this stock from $1.50 to 6.50 should teach them something, if ever.
Comment by barneyj44 on Jun 29, 2021 4:25pm
$1.50 to $6 in a year isn’t too shabby if you managed to catch the bottom. Many longs are in around the $8 range so don’t have the big profits other then the dividend payments and maybe some capital gains if they happened to have averaged down. You can’t argue that the stock has been weak lately, we need some news Grant.
Comment by 2021Gamble on Jun 29, 2021 4:34pm
i agree Barneyj44.  Fortunate that I got in at 1.32, so this has been quite the ride - and it isn't done yet. Just imagine a monthly dividend increase - and keep in mind the pre-covid dividend was .342, so we are just leaving the 50% reduced amount with the recent increases.... Add to that 3 acquisitions, including TOG that pre-covid would pay a 0.30 dividend. To me, that makes the ...more  
Comment by barneyj44 on Jun 29, 2021 5:47pm
Well done 2021Gamble , I've done okay by cost averaging on Wcp but feel it should be much higher with the recent additions Grant has added. All is not lost as my NG plays the likes of Crew, Birchcliff and Arc have been on fire. Maybe Grant is looking at another buy in the Montney area to go along with the Kicking Horse purchase.
Comment by lashing on Jun 30, 2021 3:28pm
You just showed you are ignorant. Any buck made is a positive. I day and swing trade all the time and have a % of funds for it. If I had not done htis I would still be in a massive hole from the covid crash. Most holdings are long but I have my "wing" fund which I trades completely without emotion as a see patterns repeat. I'll take profit in any form. I have news - management ...more  
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