Bullboard - Stock Discussion Forum Whitecap Resources Inc T.WCP

Alternate Symbol(s): SPGYF

Energy Oil & Gas E&P

Whitecap Resources Inc. is an oil-weighted growth company. The Company is engaged in the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its core areas include the West Division and East Division. Its West Division is comprised of three regions: Smoky, Kaybob and Peace River Arch (PRA). The properties in its Smoky region include Kakwa... see more

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TSX:WCP - Post Discussion

Whitecap Resources Inc > I do not diversify

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Post by WINDGOD46 on May 19, 2022 1:49pm

I do not diversify

Contrary to the advice of the market "experts" , I do not diversify and I do not use stop loss orders. I own 60k of WCP and so far I have been successful. Diversification is for the rookies who are destined to lose it all. I had some problems with the Houses which used to bother me to diversify. I dumped them all and found Itrade and they have left me alone; they do not mind me being over concentrated.GL folks.

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Comment by Zaccar1 on May 19, 2022 1:57pm

I hear you loud and clear..I have four positions in my account that are up 9 to 12 times my cost. I am still long all of them..not one share sold yet. Those four positions are each in seven figures. I think whitecap still has legs..and will show more strength quarter by quarter.. but that being said..I typically only start to sell when I have found something else that has the same multi year ...more

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Whitecap Resources Inc