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Bullboard - Stock Discussion Forum Whitecap Resources Inc T.WCP

Alternate Symbol(s):  SPGYF

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

TSX:WCP - Post Discussion

Whitecap Resources Inc > Hard to Figure
View:
Post by tollycraft on May 31, 2022 3:55pm

Hard to Figure

I just can't understand why we get good day starts like today and we just cant seem to hold.  If we could have held  even at around 11.40 or close, I would feel tomorrow would be a much better day and finally gain some much overdue ground, instead, we consistantly give it back. I guess maybe I just chalk it up to manipulation.  I do know oil was up over 119.00 early today and is now around 115.00 but not convinced thats the reason. After having said that, hanging in like everybody else, just waiting for our turn to breakout, several others have and held their value, we are sooo overdue!!

GLTA
Comment by pierrelebel on May 31, 2022 4:06pm
tollycraft wrote "  I do know oil was up over 119.00 early today and is now around 115.00 but not convinced thats the reason" Look at all other Canadian oil/gas producers - large and small. They all show the same pattern - to different degrees - today. WCP is one of the few stocks that ended up UP on the day.  Most are down slightly. Investors in WCP should not worry too ...more  
Comment by pierrelebel on May 31, 2022 4:16pm
Symbol Last Price Change % Change ARX.TO ARC Resources Ltd. 19.05 -0.51  ...more  
Comment by Indicator on May 31, 2022 4:19pm
IMHO, it's because we are in a bounce, during a Bear market and commodity stocks are doing better than most managing to stay afloat. How long this bounce holds is anyone guess but other than Oil/Gas and some metals, it may be a rough ride over the next while.
Comment by pinecone11 on May 31, 2022 5:22pm
tollycraft says "I just can't understand why we get good day starts like today and we just cant seem to hold." Considering the fact that prior to very recent history, the price of this stock has not closed above the $10.00 to $11.00 plus level since January/February of 2017, I would suppose that it might take a little time to make true believers out of buyers of WCP shares.
Comment by tollycraft on May 31, 2022 6:03pm
Comment by pinecone11 on May 31, 2022 6:47pm
not ALMOST right  As I wrote, "prior to very recent history" In my history book, April 19, 2022 qualifies as very recent. IMO, there still has to be a large number of holders of WCP who hung on when the stock tanked and who now are thinking "if only I can get back to breakeven plus maybe a small profit". As Dr Elder taught "the market is psychology". Beware of ...more  
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