Post by
Upside123 on Mar 11, 2021 10:11am
What’s Up?
Crude up, TSX Energy up, target price increased. WCP down against all its peers? What's up say you?
Comment by
2020oilgamble on Mar 11, 2021 10:14am
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Comment by
Upside123 on Mar 11, 2021 10:22am
Perfect example of Market SP manipulation on the TSX.
Comment by
Theconsortman on Mar 11, 2021 10:34am
Perhaps former TOG employees selling off some/all of their new WCP shares to diversify has put some short term sell pressure on WCP?
Comment by
Walleyewarrior on Mar 11, 2021 10:38am
we seemed to have hit some selling Monday. I think while some have popped this week in oil. people holding this have sold a part to raise cash to chase the ones popping? Who knows they seemed to have everything lined up. It is weird that they are in a rare minority drifting down. A consolidation and weak hands leaving is a good thing going forward.
Comment by
barneyj44 on Mar 11, 2021 10:46am
I've kept my position in Wcp and added over the past year and a half. Great management team with skin in the game and very bright with regards to M and A. The dividend drip helps with the daily fluctuations.
Comment by
mlcb2525 on Mar 11, 2021 11:29am
No it is typical retail selling, locking in fairly significant gains. Most people are satisfied with 20% gains and do not have a conviction towards the oil story, necessary to achieve greater returns.
Comment by
Leishy277 on Mar 11, 2021 1:47pm
Agreed. WCP has well broken past it's pre-covid levels. 2.5 year high bound to see some profit taking.