Long Position on WRD @ $24.20 on 10/4/2018 (Momentum)

WildHorse Resource Development Corporation (WRD) is an independent oil and natural gas company.

The firm focuses on the acquisition, exploitation, development, and production of oil, natural gas, and natural gas liquid resources.

The company primarily holds interests in the Eagle Ford Shale in East Texas and the overpressured Cotton Valley formation in North Louisiana.

As of December 31, 2017, it had a total leasehold position of approximately 387,091 net acres in the Eagle Ford Shale and 90,062 net acres in overpressured Cotton Valley formation, as well as 454.3 million barrels of oil equivalent of total proved reserves.

Shares havr formed a bullish "cup and handle" and higher share prices are expected for this stock. We may see a modest pullback before the stock heads higher.

Entry Point: $24.20

Stop Loss: $23.00

52-Weeks Trading Range: $11.95 - $29.67

Trget Price: $26.65

Updates

4/1/2019 1:59:59 PM

WRD closed at $17.

Position closed on 4/1/2019 at price of $17.00 with a -29.75% loss in 179 days.

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