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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

Whitecap Resources Inc > I was with WCP a while ago but...
View:
Post by ssnowdday on Jul 30, 2024 10:34am

I was with WCP a while ago but...

I switched on PROPEL HOLDINGS (PRL.TO).  Next week results should take PROPEL to new highs.  PRL.TO will be, one day, in the triple digits.  It is always time to jump in PROPEL HOLDINGS...  Check it goes...
Comment by pierrelebel on Jul 30, 2024 10:50am
Good Luck with PRL. While PRL has had a great run this year (share price doubling since January) it is hard to compare to WCP. Top four insiders at PRL have been SELLING their shares in the last two months.  That is not a good sign in my book. PRL is a relatively small company with total capitalization under $1 billion and trading at more than six times book value. It is grossly overpriced ...more  
Comment by ssnowdday on Jul 30, 2024 10:58am
"Top four insiders at PRL have been SELLING their shares in the last two months.  That is not a good sign in my book." They sold because of Trudeau's new capital gain taxes.  That's all... Check it goes ;-) 
Comment by pierrelebel on Jul 30, 2024 11:19am
"They sold because of Trudeau's new capital gain taxes." That makes no sense. If that was true and these guys really believe in the company, they would have sold, realized their capital gain (at slightly lower tax rate) and repurchase the shares the next day or week.  They have NOT.
Comment by ssnowdday on Jul 30, 2024 12:21pm
They can not buy again before 6 months.  Also, they wanted to put shares on the marker since they had these shares since the begining. If not, explain why they didn't sell after this period?
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