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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 > China's Impact on Oil
View:
Post by retiredcf on Jan 31, 2023 7:46am

China's Impact on Oil

China's reopening is unequivocally bullish for all commodities: Strategist

Michael Tran, managing director of global energy strategy at RBC Capital Markets, joins BNN Bloomberg to discuss an RBC report that says China‘s re-opening is hardly being priced into the oil market yet.

https://www.bnnbloomberg.ca/video/china-s-reopening-is-unequivocally-bullish-for-all-commodities-strategist~2618938

Comment by fishcarrier on Jan 31, 2023 9:25am
Right. This is from OilPrice.com: Crude oil prices have found a floor and the only way they can go from here would be higher. That’s according to RBC commodity analysts Helima Croft and Michael Tran, as quoted by Bloomberg. “We remain constructive on the fundamental framework, and in fact, we would not be the least bit surprised if the lows of the year end up being the US$72/bbl (per ...more  
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