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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 > Eric Nuttall
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Post by jimgeorge on Aug 12, 2022 6:10pm

Eric Nuttall

I've known Eric for a long time - 25 years at least, since he was a young guy with Sprott.  Sprott taught him how easy it is to manipulate small cap company share prices by buying and selling up to 10% of the float.  He pushed so much WCP into the market that it is now a laggard, and by buying CPG he has made its stock price jump.  So he looks good...

Anyway, Eric is a smart guy and he has been good for bringing attention back to our sector, but he is off base on WCP, or any longer term story.  He's always struggled to "get" the longer term stories.  As I have said before, WCP is a very sustainable dividend payer for the long haul.  I'm holding my 400,000 shares!
Comment by pinecone11 on Aug 16, 2022 3:03pm
jimgeorge says "I've known Eric for a long time - 25 years at least, since he was a young guy with Sprott.  Sprott taught him how easy it is to manipulate small cap company share prices by buying and selling up to 10% of the float.  He pushed so much WCP into the market that it is now a laggard, and by buying CPG he has made its stock price jump.  So he looks good..."  ...more  
Comment by dandu1924 on Aug 16, 2022 8:48pm
He promotes after he has purschased them, and he is ready to sell them after his call, or to late he sold out before his call.
Comment by jimgeorge on Aug 16, 2022 9:43pm
Eric believes in his story, he believes in the companies he invests in.  But the mere act of purchasing up to 10% of a company will add momentum to the share price, just as selling up to 10% provides downward momentum.  "Manipulation" may be too harsh a word, but there is no doubt Eric factors in the "nuttall boost" into his investment analysis. And no, of course he ...more  
Comment by stocktalk on Aug 17, 2022 9:38am
Nuttall was trained, coached and schooled by the best in his field when he was with Sprott. The Gretzky of stock investment firms.
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