Whitecap Resources Inc T.WCP

Wearing down

[tollycraft]

Here we arer sitting on $80.00 oil and we're down .34 while CPG is down only .14.  From where I sit non of us should be down.  Made a decent comeback yesterday and starting giving back since open.  What am I missing here??

GLTA

[barneyj44]

For all positive hoopla analysts have to say about Whitecap it can sure dissapoint at times. May have to do with investors jumping in and out to catch the monthly dividend. I have equal positions in Cpg and Wcp Tollycraft, helps the frustration somewhat when one performs better then the other. 

[tollycraft]

Thats where I should be, I think its time to re-think what I'm doing. GLTA

[traderbri]

I don't think you are missing anything other than profit taking being exercised. It's a bit disappointing to see 2/3 of yesterdays gain wiped off in a matter of a couple of hours but the only way to beat this is by day trading it. With my luck, I'd be left with no stock when it moves higher again so I will just sit back and take the ups and downs as they come. Once another dividend

[WINDGOD46]

This stock is targeted by the shorts and the company does nothing to discourage it because they are buying back shares to reduce the float and so they may encourage shorting of the stock; they may even have their own short traders to do the dirty work for them. So do not be surprised with these sharp gyrations. Trade the stock if you can and use low margin to avoid losses.

[barneyj44]

Why would shorts prefer Wcp, do they not have to cover dividend payments Windgod?

[jleer42]

WCP exercising the NCIB does impact shorters, it soaks up trading shares.

[Olliethegoalie]

Not sure what you're missing. I'm holding and $81 for oil is better than $75 in my situation. Profits should be better and the price should rise with that.

[iMAnewBE]

Oil is up 10% since last Wednesday.  This stock is sick. Hasn't moved at all with the oil price recovery.  Glad I dumped most of this a while back. Wish I dumped it all!!

[Citizen13]

Yesterday traders covered their shorts in a panic . Today is the result of not enough enthusiastic buyers and guys taking profits.   Happens every time with these stocks .  If you want this to rocket up every day then probably not the best industry to be investing in.  This is always a slow creaky escalator up and a supersonic elevator down when bad news happens.  There is no