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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 > Using technical analysis for this one.
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Post by coolfooldumbguy on Dec 06, 2024 10:45am

Using technical analysis for this one.

That $10 per share mark is the key level for me,so that if it does not hold today or rebound back over that spot by the afternoon,it will be time for me to bail out of this stock.Good luck to all of us shareholders out there.That's my opinion only so do your own research.The fundamental s are strong for this stock but the technical s look weak right now.
Comment by Scotchlight1001 on Dec 06, 2024 12:54pm
The technical analysis for WTI crude does point to 'Strong Sell' right now. If you bail, do not put it into another oil stock. 
Comment by goliath10 on Dec 06, 2024 12:55pm
The masses sell when stocks are low and buy when they're high... The long term fundamentals of this amazing company really haven't changed, great buying opportunity in my opinion.  WTI had to do it's technical bounce off 67.   Not saying, just saying 
Comment by goldens on Dec 07, 2024 4:00pm
Been collecting dividends off this one for years now and will continue to do so. Trying to time the market is impossible and this is a good company so over the long term you will do well. I think they are getting punished due to speculation that they will buy someone near term. Just my opinion.
Comment by Citizen13 on Dec 06, 2024 3:24pm
Dont fight the trend . I suspect this will get to $9.50 or lower by end of tax loss selling . Buy then and sell if /when it tops $ 11 . Rinse and repeat . The oil production industry is just a massive chaotic cluster F . All it takes is a couple of players to overproduce and traders will bail.  Like I said before , in restrospect I could have bought just about anything else eight years ago ...more  
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