Whitecap Resources Inc T.WCP

Whitecap

[1970Craig]

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

[Davesnothere]

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

[Seahawk001]

Or like myself adding when you're a long ways in to the green a few more doesn't hurt :) 

[1970Craig]

Well said Dave !  I am happy if they don't buy any thing else.   They will be chasing the deal at these prices.   The only thing that works in that case is something that bolts on and provides unseen savings.     I would be doing a Apple  , pay off debt , and build a cash pile .  They have 14 years of drilling with today's technology  . So if your

[Davesnothere]

I had not considered actual diversification into renewables or other alternatives. Great idea if Grant and his team are thinking long term. There is still a lot of runway for their CCUS strategy. That could be very profitable and its only just the beginning. The flip side of today's share price decline / consolidation is that it gives WCP a crack at buy-backs under $10.00 which is a good

[dogatcat]

Buying CPG would be smart.  

[1970Craig]

Did that today. !  Agree.   Whitecap to me is the best stock , and when Mr General investor can no longer ignore the sector.  There's coming to WCP so they can say we are Carbon Negative.  JMHO  c