Whitecap Resources Inc T.WCP

Recent short term underperformance reasons/guesses

[mogilny]

Its hard to watch on days like these, but part of how the market moves.  Some guesses why WCP is trading poorly recently.

1) Earnings trade this quarter is volatile.   Day traders are moving large positions for the earnings report, causing large swings.   WCP earnings was one of the first, so had a longer time to deflate.
2) Acquisitions could need to some short term uncertainty.   WCP did issue 35 million shares for the Kicking Horse purchase.   We got diluted.
3) A large seller is causing some short term headwind.   Level 2 ask volume are high some times there are 100k+ ask orders.   CVE and MEG are moving the same way.  Maybe a large energy fund is rotating away from higher priced names to cheaper less known names.  

Any other guesses?

[Hendrick3]

Yes another reason is that WCP is the most closely valued to the total of all its reserves NPVed at 10% of all the companies that I monitor. So on a relative basis it is the most fully valued. It is still undervalued because the reserve reports of all companies are using prices considerably lower than current.  That said WCP was one of the fastest to recover. I would imagine investors are

[Grandcentral]

If regulators get naked short selling under control, there will be no more 'guessing' what's wrong with great companies. Naked short sellers undermine positive sentiment, by decaying the bid/buy structure and piling on large sell pressure, much of which they don't want to actually sell but 'scare' the hard working little investor into selling out of fear. It's hard for

[mogilny]

Thank you for that well timed article!   It confirms what I have been seeing lately.   If they force tsx to open their data, I am sure the community is more than willing to do the work and find out the culprits.  A bounty for actionable tips will scare these scammy HFT algos.    From TSX transaction data, recently, i can see Morgan Stanley Canada Limited as one