RE:RE:every time i think I am out they pull me back inlove whitecap the best by a longshot oil company in canada.
however upside from here is what maybe 15-20 per cent? maybe, personally i think all canadian oils and gas stocks have about that much left in them maybe less.
If as I suspect all this new money that rushed into these stocks in the last 90 days gets nervous when oil goes back to 85-90 post ukranian conflict there will be more sellers than buyers. really whitecap should be at 20 bucks now but it isn't so if and when oil drops because russia sends all their oil to china and india and the world supply is not so much out of balance you could drop 15-20 per cent on those names
easy money has been made, I was lucky enough to have the b alls to buy low and reap the benefit of all the new buyers who wanted my shares. If I am wrong and whitecap goes to 20 bucks good on them they deserve the gain.
As for spacing, these are vertical wells so a lot of it will depend on the geography and best locatiosn for pads but i would suspect maybe overtime if the reservoir proves out up to 4 wells per section.
congrats on the buy at .38. There may be short term selling pressure here as the smart buyers like yourself get out with a nice gain and others like me start getting in but this baby is going higher, a lot higher.