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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 and Resthaven, all located in Northwest Alberta. The primary reservoir being developed is the Montney resource play, mainly comprised of condensate-rich natural gas. Kaybob is located in the Fox Creek region of Northwest Alberta. The primary reservoir being developed is the Duvernay resource play, mainly comprised of condensate-rich natural gas. The PRA is its original asset area. Its East Division is comprised of four regions: Central AB, West Sask, East Sask and Weyburn. Its Central Alberta region represents the bulk of its Cardium and liquids-rich Mannville assets.


TSX:WCP - Post by User

Comment by Moemoney42on Jul 23, 2021 2:00pm
183 Views
Post# 33596791

RE:Accept it

RE:Accept itI agree GC.. which is why I've bought the fear trade on Monday.. didn't catch the perfect low but very near it with CPG that day.. like you said.. knowing how the hedge funds play the game and realizing us retails can't effect the trend you just have to play along.. seen too many of these one day dips not to realize that within a couple/few days the fear will all be erased and history.. ;-) 
Good luck with your trades..! ;-)

Grandcentral wrote: I've come to terms with how hedge funds play the game. When a great company is outperforming, but the stock is dragging, you need to ask yourself why... someone or something is causing it, or both. No doubt the media has put more fear in peoples minds with the Delta variant (the something (opec too, see attached article), and the stocks that are about to announce tremendous results get hammered by hedge funds (the someone). It's nothing more than an opportunist cash grab on a news event that hits a PTSD nerve. The fear will fade, and the funds will have reloaded at a nice low buy back. It's the compounding, pounding, pounding, and pounding that wears out shareholders and rewards the funds. Like many small retail investors say 'rinse and repeat' the big funds do it in a very large scale. Take out commodity prices, entire sector drops, panic sets in, pound it down, and take advantage.
The reality is, these are blips, because they can't actually hold a bull market down - just a quick "grab and dash" - should get 5 to 10 years for theft as far as I'm concerned, but... I've learned to live with it and wait out the temporary blips.
https://oilprice.com/Energy/Oil-Prices/Hedge-Funds-Won-Big-On-OPEC-Spat.html
IMO and GLTA


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