RE:WCP Trading Below The 200DMASnowballer - there is no question that oil equities are headed south for the next few months....where they stop on the downside is anyone's guess. The paper market is overwhelming the physical market and there is simply nothing going to stop the downside here. BTE may very well hit the 4s again. 1st stop on the downside is going to be in the $5.15 rage (200 DMA) with a 50% retracement to $4.65 if it breaks through the 200 DMA.. That is probably the place to start getting agressive if one believes the fiundamentals in the oil market are strong (ie. supply issues remain a challenge in a growing demand environment). Buffet buying into Oxy is a good omen for the long term. Short term it will be very painful for longs. Wish I had sold at 9 but I do not have a crystal ball and am not a trader. Upside is BTE is buying back shares very agressively. I suspect that if oil remains above $90 they will get the 10% buyback complete this year and announce another 25% for 2023 an onward. Clearwater gives them lots of optionality on use of FCF.