Whitecap Resources Inc T.WCP

RE:WCP - General

[Anschutz]

I'm in agreement that we will see one more rise in oil and share prices before the end of the year.  There has been a serious push by the Biden admin to lower the cost at the pumps.  The second component they need to address to win over voters is an improved market.  Too many Americans are seeing the value of their 401k evaporate before their eyes.  I think this will cause voters in the middle to swing republican at the mid terms.  Crashing markets now gives the Biden admin time to prop them up in time for the mid-terms.  Not sure what the catalyst will be, but I can't see the democrats quietly accepting a market meltdown all the way into the mid-terms.

Meanwhile in Canada it looks like travel/border restrictions are gradually lifting with more to come.  Annecdotally I can share that the health sector is also lifting restrictions and shutting down PPE supply chains that were stood up heading into spring/summer 2020.  Uptake of vaccines is seriously waning with little support for the bivalent.  Rumour is that approval of the bivalent is being rapidly approved for all ages/groups as some supply has been received and more is enroute.  Feds and provinces don't want to get stuck with stockpiles.  This has occurred in the past with flu vaccines, with governments marketing for the purpose of using up stock rather than good public health policy.  Policies regarding staff facility screeners at entrances is also about to shift and be replaced with posters recommending visitors self-screen.  A very strange shift heading into the fall/winter flu season that I never would have predicted last spring.  Commentary I hear is that there is no rationale for continuing to screen for covid as annual flu is set to be greater concern this year.

Not sure what to expect this fall.  Perhaps we're being setup.  Place your bets.  For me anyways my eyes are fixed firmly on the mid-terms and democrats doing whatever necessary to retain power of the houses.

1970Craig wrote:

 I am in the camp of let's find a nasty bottom for oil and gas , in the pit of fear , let us find bottoms . I truly believe the path to $20 plus stock price is showing preformance at lower commodity pricing.  We are not being valued correctly.  We are today with oil $75  and gas doing its fluctuating as well , we are or should be a 12 dollar stock and we have dividend increases coming . Even if oil and gas stays lower the increase isn't going to be to far off.  In fact , still might be on track at these prices.  They are and have been cautious in all dividend increases.  

    Reality is if we are above 65 dollar WTI there isn't to much to worry about at all.  Even over 50 we are very good. However , what does to it gut tell you ?  My gut tells me we could go lower for sure and we don't control that .  What my guy tells me is the tree is being shaken hard today.  They want you to sell , they want your shares cheap. So don't sell to them. !!  

  Today is a great day, the weak left the building and the buyers , and real players hold more.   

   I feel there is one more bump higher in oil coming before Christmas.  I am not seeing what I saw a few months ago.  

  I thought we would see 130 dollar oil or more ?  I now feel 90 to 100 is where we are going to be ?   

   I am all over the map but one thing for sure is I feel the stock price won't be down here for long so buy if you can . I did buy some today.  I mentioned I have been swing trading a bit and I am back in on that today.  

    My main holdings are long WCP and I am a little crazy but I own a sizeable chunk of Saturn Energy.   Take at look at the Saturn one.  I am loving the younger management over there , and check the Saturn presentation ,  have a look at there presentation it's on par with whitecap as far as understanding what there messaging is !!   One more thing is because there not to big they are hedged and at 75 USD average   Yes 75 is the floor USD  . So sometimes being made to hedge looks good .  We are almost below 75 dollar oil now !  Saturn is covered ! For 2 years at that !!  Check it out ! 

  This little Saturn group will dig with spoons to get oil.  Check out there presentation.   I like the grit.  

  Another one I have is Gear energy.  There super super boring but they are debt free.  Yes debt free.!! They Trade at 1.09 today.    With a 12 cent annualized dividend !  That is likely going up. ! 

  These are my oil names   Mock all you like   I have been called a fool and much worse !!  

  Anyway guys not posturing I beleive this is a shake down supreme and we are setting up now for the riise !  

  C