Whitecap Resources Inc T.WCP

Using technical analysis for this stock from this old man.

[coolfooldumbguy]

This company is doing well financially but with the return of  the Trump turmoil this year and fear of the unknown with it, the oil and gas sector will be effected by his policies.So that is the reason for me to get out of the petroleum stocks.My only petroleum plays for this year right now are the GTE on the Toronto stock market & the foreign stock GALP Energia. So that my wish for you fellas is Good Luck in all of your future endeavours for this year.Thank you.

[Anschutz]

Agree, although I still hold some WCP.  In the first year of Trump's previous term, the price of oil declined 14% by spring.  I think we will see the price of oil slide further.  Trump knows that the best way to stimulate the US economy is through cheap energy.  I expect he will push policies that will ensure the US is flooded with oil, gas and every other form of cheap

[pierrelebel]

"... I expect he will push policies that will ensure the US is flooded with oil, gas and every other form of cheap dense energy...." If that were to happen it would ge GREAT news for Canadian oil producers such as WCP and all others since Trump cannot have lower energy prices in the USA by imposing tariff on Canadian oil.

[Seppelt]

Oil and oil equities bottomed in Q1 2016, then rebounded and stayed strong until Q3 2018. Just before 2018 midterm elections oil plunged because of intentional or unintentional misunderstanding between the Saudis and Trump. We know the story. I am not selling this or any other stocks until there is more clarity on many issues including tariffs and tightening of sanctions on Iranian exports. I

[Bosoxpj]

No need to sell anything. People don't appreciate how much money these Canadian oil stocks are banking right now.  

[silverbaby]

Absolutely. I added to my holdings in the tax loss sell off along with a few other oil and gas stocks, hoping for some more weakness over the next couple weeks.