Whitecap Resources Inc T.WCP

Inventories

[BigJake]

API  - 1.837 mbrl build  YTD - 24.389 mbrl build 
EIA  - 7.114 mbrl draw  YTD - 17.624 mbrl build 

Biggest difference between API and EIA we have seen in quite some time, but it would appear that WTI is taking a hit today and stocks are following even though tax loss selling is over. GLTA Longs and Happy New Year to all

[barneyj44]

Happy New year BigJake, evertime I add Whitecap goes lower, it's turned Toxic, most of the gains have vanished . My Gic's are looking pretty good, lower yield at 5.5% but my capital is still in tact.

[BigJake]

Just need to make it through the first quarter with Grant being disciplined and WTI in the 75 range. If we can show progress on debt and production targets 2024 will be better 

[meritmat]

There the problem.  To much money tied up in fixed income or in safe accounts just collecting interest. Need the US to start cutting interest rates so that money heads. Back into the markets 

[barneyj44]

Investors are happy to collect a guaranteed 5% and still have there capital at the end of the day. Tempted to add more but it's been futile as it goes down every day lately. Happy New Year. 

[tollycraft]

Sad to say barney, but I agree with you.  I certainly hope they went to the Feds to push our Carbon Capture capabilites, I would think they have, and if so,  and theres no really positive reaction, the public should know about that too!. GLTA

[Citizen13]

WCP's carbon sequestration is used to pump more oil out of the ground , no ?   I might be crazy but I doubt that will fly with our Spiderman criminal environment minister .  If a dime goes to funding that his army of unemployed green and purple hair nose ring wokesters will be all over him.  Not going to happen. Because " the citizens of Canada all agree with him"

[mugs19]

"WCP's carbon sequestration is used to pump more oil out of the ground , no ?" You are correct Citizen13. And the Liberals have excluded tax credits for any carbon sequestration used to enhance any O&G production. The fact that sequestration can assist in their reduced target emissions reductions eludes the Greenies' little pea brains. mugs

[Anschutz]

I think you are seeing the plan.  US and investment firms are manipulating the energy sector lower. Lower cost energy typically causes an uptick in the economy six months out. Combine with lowering  interest rates by the US, and I think we're being setup for a market rally heading into next spring, summer and fall.  That being said, I think we see share prices decline next