Whitecap Resources Inc T.WCP

I bought in 2014

[Dogsbreakfast4U]

I have held this stock since 2014 in my rrsp for the dividend. I did the same thing with CPG. Both were huge mistakes. As I said previously I sold half my position in WCP in the $12 range at a loss a couple of weeks ago thank gawd.  I am still way under water now for the rest of my position. In other words anybody who bought 8 years ago is still way under water. You call that a long term investment? The only people making money consistently is Grant and his management team with the massive salaries  and options we the owners of the company give them because we are so generous with our long term...losses. Commodities stocks are all about buying low and sell higher not buy and hold.

[newcoin]

Why are all the analysts saying this is an OK or good deal? They all think WCP is going to go to 15 or $16. I'm confused with everyone's discontent when all the analyst seem to be neutral to very positive?

[Tommy123]

This post has been removed in accordance with Community Policy

[KingAce]

That Feeling when you sold short into a long weekend

[KingAce]

Monday squeeze

[pinecone11]

>I have held this stock since 2014 in my rrsp for the dividend.< >I am still way under water now for the rest of my position.< >Commodities stocks are all about buying low and sell higher not buy and hold.< Sounds like you're saying that, when it comes to investing, you didn't/don't know what you were/are doing. You probably should put your money in some type of fund

[Dogsbreakfast4U]

  Is that so?

[Tommy123]

This post has been removed in accordance with Community Policy

[BigJake]

Buying in 2014 in a tax sheltered account did turn out to be a bad move that many of us are guilty of making. However nobody including Grant could have seen a multiple contraction of 4x between then and 2019. We both know a dollar of earnings should cost a similar amount no matter what company you invest in. It's hard to profit when the rules change in the middle of the game.

[1970Craig]

Someone might feel bad when they loose a finger , and in the hospital they see someone with out a hand.      I bought and owned and lost on Lighstream. I think as much as it hurts to type this it reminds me why I am in Whitecap rather than some of the others .  I have more to say about this transaction it was a doozie !  I am trying to get what I am thinking into

[tollycraft]

Good to hear your imput craig.  At first I was on the fence and was somewhat dissapointed, not with the dividend, that was fine, but the debt they took on.  I feel a lot better after seeing the post from Owlseye regarding the the newer TD target and pinecones post re WTI recovering and India increasing levies on oil shipments.  In my opinion, and I said this just recently, nothings

[w8asec]

This is the "Biggest" BUY signal on the planet.... better than anything an analyst might say, and better than any small time insider buying... This is IT - The only Universal law that matters; When ever we own a lagging stock for years and years.... and finally decide; "That's it - I'm out" - as soon as we sell the forker rockets to the moon. thanks for the signal.

[Citizen13]

I did the same but likely later than 2014 . When it got whacked 40% in a short time. i thought that was the deal of the century and the industry will never destroy the commodity price for long . Man was I wrong . Not WCP's fault , not our fault . The fault came from USA OG CEO's whose salary and bonuses were based on growth. What a facking carnage.  Anyways , when something like that

[Dogsbreakfast4U]

One thing I have learned is that history tends to repeat itself.  

[pinecone11]

Dogsbreakfast4U says "One thing I have learned is that history tends to repeat itself." Ah, HERD MENTALITY! Well that could explain why you lose money (or fail to profit) so well. Maybe you should learn MORE than one thing, especially when the one thing you've learned is incorrect, since history is incapable of repeating itself. Let me repeat that. History NEVER repeats itself. No