Whitecap Resources Inc T.WCP

Sell Off

[traderbri]

Was overdone because of a Buffoon South of the border runs off at the mouth with threats to tarriff everything possible.
Playing the dictator to impress his followers.
It's going to come back and bite him in the butt.
Cheers

[Citizen13]

Not sure how the tariffs in oil will work. Putting 25% tariff on a 4.3 million bbl/day supplier , who will pay that ?  We wont pay it, the receiver will.  What other options do they have for that heavy oil ?  Venezuela ?  Saudi where they have to pay for Brent plus the shipping costs ?   And theyll likely get tarrifed as well.   I'm not seeing the common sense

[AvInvestor]

He wants to make Californians pay! That way, Gavin becomes unpopular. I believe there's something greater at large and we're the victims. 

[Dadsaid2]

It will.be interesting but heres my 2 cents.  Markets always take care of themselves.  Say oil is $100.  Will USA buyers pay $125 on day 1 when tarriffs goes on.  NOPE.  They will scramble and buy USA production until they cant buy anymore.  This will drive that USA price up but not 25% ..  maybe 10%. So now the demand market is $110.  Canadian producers now

[jollynik6]

Sell More To Other Countries,Do More trade with China,India,AS Far AS Softwood Lumber I believe other countries would line up to buy it, Basically tell the Us If They Impose Tariffs at 25%  we will slap 50% on all US products comming into Canada From The US, Time To Get Tough With That CRAZY RED HEADED BASTAR###, not kiss his as## like O LEARY is doing

[Citizen13]

Their refineries are set up for WCS or equivalent . They cant switch over and wont because they will never raise production 4.3 million barrels.  

[meritmat]

Went to cash in Tfsa and rrsp. Hoping for a big dump