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 > Technicals

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Post by Dogsbreakfast4U on May 20, 2022 9:51am

Technicals

We have to break conclusively above 10.41 for the next move up.

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Comment by Dogsbreakfast4U on May 20, 2022 11:46am

For some reason the stock is in free fall in the other direction. This is becoming quite frustrating with $110 WTI!

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Comment by pierrelebel on May 20, 2022 11:55am

Dogsbreakfast4U wrote "...This is becoming quite frustrating with $110 WTI! ..." That US$110 for WTI is largely meaningless when it comes to evaluation of oil Canadian producers. One needs to look at the projected price producers will receive over the next year. So, I find it best to rely on WTI prices for Dec 2022, Mar 2023 and June 2023. They give a better picture of what one ...more

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Comment by barneyj44 on May 20, 2022 12:30pm

No more catching this falling knife for me.Done buying ...

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Comment by Indicator on May 20, 2022 12:38pm

That looks about right during this consolidation period. 10.41 +\- break and hold line is the precise .50 Fib retracement as well as down trend line resistance. I will want it to remain above that trend line on buying volume for a few days to prove new support. If oil markets were to turn down on war settlement (not likely imho), a hard flush @ $9.50+/- could run the stops. cheers,

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Whitecap Resources Inc