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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Whitecap Resources Inc > long term

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Post by Windsorman on Feb 08, 2023 12:10pm

long term

Did sell this morning @$11.00. I see no reason to sell.Now I'm buying them back on the dip. GLTA

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Comment by Windsorman on Feb 09, 2023 10:39am

Stopped out. Big drop in WCS. Not time to get back in until WCS back to $58.00. Oil inventoris did show a build of 2.5 million barrels. Watch report next week. GLTA

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Comment by pierrelebel on Feb 09, 2023 2:56pm

Windsorman wrote: "Big drop in WCS. Not time to get back in until WCS back to $58.00" Why do you - or should any reader - care about WCS as far as Whitecap is concerned? Light oil is the primary byproduct of Whitecap's Canadian assets. The discount applied to heavy oil (WCS) does not apply to Whitecap. I still expect to see $15.00+ per share this year. Patience will be rewarded.

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