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Bullboard - Stock Discussion Forum 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... see more

TSX:WCP - Post Discussion

Whitecap Resources Inc > Draw down today ! Oil off 3 bucks
View:
Post by 1970Craig on Nov 17, 2021 2:52pm

Draw down today ! Oil off 3 bucks

All this tells me is oil is about to fly high.  When ever we have a pull back like this on news that should have it going the other way , it's a sling shot pull back.   I am 100 percent right about this , because the numbers are still the same !!   Cold snaps hitting from here on out.  Not cheerleading here , just facts.   We will be back at 82 in the next few days.   We will hit 90 by mid December.   

      JMO
Craig

Comment by Cobalt on Nov 17, 2021 2:59pm
US and China talked releasing oil and gas , covid 4th wave in EU China US , almost no chance of a snap back, whole market is about to roll over for a few weeks , Energy is loved and overbought they get hit somewhat harder , got cash?
Comment by 1970Craig on Nov 17, 2021 4:34pm
Exactly.   I have held back a 25 percent for about 1 year now.   The world is falling apart , they were printing money until they made a deal the other week to stop hacking down rain forest ! Lol lol.        And my point is ?   Other then energy witch in my opinion still counts as a correction back , the last sector to do so.  For good reason !   Yet  ...more  
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