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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

TSX:WCP - Post Discussion

Whitecap Resources Inc > Second Oil Surprise
View:
Post by retiredcf on Apr 07, 2023 7:23am

Second Oil Surprise

Russian oil production cuts, a start of a capacity problem: Cornerstone analytics

Mike Rothman, founder of Cornerstone Analytics, joins BNN Bloomberg for his outlook on global oil demand, prices and energy equities. He says despite fears of a global recession, demand continues to exceed production consensus and forecasts prices will exceed $100/barrel.

https://www.bnnbloomberg.ca/video/russian-oil-production-cuts-a-start-of-a-capacity-problem-cornerstone-analytics~2663196

Comment by Citizen13 on Apr 14, 2023 7:24am
He thinks the TSX energy index will double .  Also says oil will go to $ 140 or more. Doesnt mention this is a very bad thing and the repercussions from that . I dont think OPEC will allow that price for long as it's actually detrimental to stability.  Let's see where WCP goes to at $140 .  $ 12 ?  LOL
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