Bullboard - Stock Discussion Forum 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... see more

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Whitecap Resources Inc > Twist #2

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Post by retiredcf on Aug 23, 2022 7:28am

Twist #2

This is why the price of oil reversed and headed upwards mid day yesterday. GLTA

Saudi Oil Minister: Cuts may be needed

Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said “extreme” volatility and lack of liquidity mean the futures market is increasingly disconnected from fundamentals and OPEC+ may be forced to cut production. BNN Bloomberg's Tara Weber reports.

https://www.bnnbloomberg.ca/video/saudi-oil-minister-cuts-may-be-needed~2505880

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Comment by Citizen13 on Aug 23, 2022 8:36am

OPEC is getting addicted to this level of profit so it will do whatever it takes to protect its margins. Lets hope they actually really appreciate this and not squander it with gold toilets, pet Cheetahs for every household and ski hills in the desert . They were careless reckless spenders on most of the up cycles . If my oil holdings approach anywhwere near predictions I too will really ...more

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