Whitecap Resources Inc T.WCP

What’s holding us from bigger jump

[MrICE]

Oil is up to $49. 

wcp tog not up as much as I think they should be. Any reasons I'm missing?

[GorgeousGeorge1]

I think it's already part of a lot of core holdings. Producers who need $50wti are catching a bid as the near term outperformers. If there's a pull-back on wti wcp should be relatively stable imo

[GorgeousGeorge1]

Didn't expect it go red with wti heading back up and testing the highs again though, maybe we're both missing something

[2020oilgamble]

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[MrICE]

No worries I'm holding long. 

[Davesnothere]

Today was a classic day of people taking their profits big or small only because we stopped surging for a moment. You could say it was weak hands selling to strong hands. This will seem ridiculous come Jan 4 when the NAL deal closes. Then we look forward to closing TORC deal in February. 

[GorgeousGeorge1]

Also investors not trusting the wti rally. Blind to the strong demand coming out of Asia and India, coupled with Sth America and Africa returning to normal levels quicker than expected. Instead focusing on the media reports of lockdowns in Europe and nth America, which happen to be the first two regions where vaccinations will be widely accessible. International travel is the last catalyst for

[MrICE]

I agree with all you. Some consolidation at these levels is a good thing. Next week or two are somewhat meaningless as will be low volume and weak hands. Big things will start to build in new year/Q1. I came in from holding a lot of Torc shares. Had some wcp too but not as much. Very happy with the acquisition as it makes a bigger stronger company going forward. One more strong light oil company

[GorgeousGeorge1]

Agree somewhat, although anyone who bought when I did would be forgiven for taking some profits, which is probably all this is. This sector needs new money though. Think when we get past January some healthy consolidation will have occurred and some forward looking new money will start positioning for the post covid outlook

[Sugaree]

this new merged company should do very well in 2021.