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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

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Post by retiredcf on Mar 17, 2023 11:31am

BNN

The oil market is oversold: Analyst

Michael Tran, managing director of global energy strategy at RBC Capital Markets, says the oil market is trading as if we're in a full-blown recession, and there is a buyer strike out there. He says oil is currently US$15 below fair value.

https://www.bnnbloomberg.ca/video/the-oil-market-is-oversold-analyst~2648635

Comment by Citizen13 on Mar 17, 2023 5:14pm
Unfortunately the paper contract market is several fold the physical barrel market . This is what you get .  Use it to your advantage though. If I had the balls I would have played HOU every single time oil got to $ 20/bbl.   It would have been a massively profitable trade every time. 
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