Post by
Wildfury on Mar 01, 2022 3:36pm
Green day for WCP
Considering with what's happening with most oil & gas stocks, WCP is still up, we hit a new 52 week high and as long as it closes above $9.67 were still be closing at a new high. Just because oil opened up $10 US doesn't necessarily mean that every stock will make huge gains. The market keeps a close eye on data, demand and value,basically is a sit a wait game. Keep in mind when a stock breaks new highs a pullback almost always occurs until the next support level wall is breached. We have all the facts, the data and its just time to tell the whole story. SPR'S draining fast, spring is around the corner, driving season, vacations means increasing air travel. Unfortunately the situation in the Ukraine with much uncertainty with what Russia will do in retaliation against the west for sanctions. If Putin closes the taps its going to be a whole new ballgame. The Tech investors are already switching sides, they see what the energy companies are reporting and this will only escalate the SP's for all commodity stocks. We, meaning the energy companies have been given the opportunity of a lifetime to be debt free, even if oil drops to $70,they're still be making huge FCF. It's all good, stay positive, be patient and don't panic, what's important is that the business model is not broken, it's not losing money, it's the exact opposite. Stand strong WCP longs you will be rewarded.
Comment by
tollycraft on Mar 01, 2022 4:04pm
Well said!! We have to also remember ,this stock was $8.54 Less than a month ago (Feb, 08). we have consistantly moved up other than the odd small pull back. This company is a great investment, Thats why I'm long. GLTA