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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

Post by 1970Craigon Aug 04, 2022 1:50pm
253 Views
Post# 34871645

WCP - CHRISTMAS- BOXING DAY SALE

WCP - CHRISTMAS- BOXING DAY SALE

   The only way to make a day like today better is to be on some fresh - dry powder.   Bought  a nice chunk of shares at 8.69.  Was trying to figure out how much I could buy with my calculator ........... then price bounced off of 6.62- 8.63 !!   My guess is at least that time or on that particular dip , there wasn't actually many shares moving or much volume at the lower prices because it bounced off of no volume.  

   I think there could be some better deals before it gets better.   It's summer , and this is going to happen !! Oil is selling off on predictions of recession, causing fear , and you know if Putin's war stopped , we could get a massive correction into the 60 dollar range.  ( WCP is still good at those dollar -levels ) 

  I bought here , I like it here , I get a divvy at these prices that is incredibly safe. That being said I have bought and sold the money I am using here with my wife many times. Swing trading I suppose ? Not day trading !  

  This money requires her buy in , and she is discount shopper.  I mentioned she is Ukrainian??   Anyway , I actually don't expect any upside here fast ........ it's summer , if anything try and have patience ( more than me ) you might get this for 8 dollars.    Seems to me oil is having a panic attack. 

  Soon the money will roll back into long positions ( oil )  , due to the over sell off , and things will be good.  

 Unless everyone collaborated to say there is a supply - demand issue , meaning there is not enough supply even if demand goes down .   We are really  good,  so buckle up it's summer , and enjoy the ride.   


  Craig 

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