Whitecap Resources Inc T.WCP

What is going on today?

[mbuch]

Not watching the news, but WCP down 4% (and all other O&G down too) and WTI down less than 1%???

What am I missing today?

[Citizen13]

No news at all.  This stock has gone up what , 27% recently ? . So the stock market has crapped it's pants and then the hamsters on a wheel need to sell their best performers .  This  morning the hamsters had breakfast and decided it was the day to pull the plug.  Gonna be ugly . Again , the patience of Job is required. Nuttall predicted $ 16 WCP. Good luck with that. 

[Al42]

What a great market when oil goes up 2 bucks we gain 10 cent when it dropes 2 bucks we drop 4 %

[barneyj44]

DAYs like today are why many investors are still staying clear of the sector. Weren’t many survivors as my Etf’s that hold telecoms, pipelines etc. took a drubbing as well. Dividend raise coming so hold tight.

[tollycraft]

Agreed barneyj44.  I did go into CPG but came back, personal choice only, their both great companies but at the end of the day the dividend increase did lure me back. I checked the WCP website and I didnt see when quarter 3 realease would be but as it stands now with the oil price today at $89.00 I cant help but feel they will be presenting a very profitable 3rd quarter.  I try to keep

[barneyj44]

Glad your back Tollycraft.  I still hold both Cpg and Wcp but have a bigger position in Wcp as I like my monthly dividends.

[biker222]

assuming whitecap acquired a big chunk of an institutional holding with the dump in price. notice ceo was buying at just under 11...so trust they are scooping up the ncib limits