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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 > Thin Air as an Asset
View:
Post by WINDGOD46 on Nov 11, 2022 2:27pm

Thin Air as an Asset

FTX the bitcoin company is roiling the markets today by going belly up and in Chapter 11, bankruptcy that is. And what about the unit holders who had invested millions of dollars in this outfit? Do they get anything for their lost investment, assuming there are some real assets that can be auctioned in a market? Not likely. Tough luck all you millionaire hopefuls out there who were sold on this snake oil and bitcoin pipe dreams. Now the only real assets left is the thin air these bitcoins trade on. I assume all these losers are rich speculators who were hoping to get richer. Let us not shed any tears for them. Good riddance of their wealth. At least if WCP goes belly up we can fill a few barrels of crude and take home for heating. With the bitcoins what can we do? Nothing
Comment by Citizen13 on Nov 12, 2022 1:04pm
" Investors " were warned . Investing in ridiculous unsustainable idol gods will always result in pain. It's like atherosclerosis . You feel amazing, everything is good until it suddenly is not. Same with cannabis and even some  " tech stocks"  A smart friend told me cannabis will eventually just become a crop. Do you know any rich farmers ?  Nope.  Sure ...more  
Comment by Dadsaid2 on Nov 12, 2022 1:38pm
I saw the Ont teachers pension fund invested 95 million in crypto.....Ooopppsss. LOL...go on strike.
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