I wonder.To me, at some point the cash flow has to be worth something.
Cash is king! Cash flow is king kong.
At some point the cash flow has to be worth something. At 1.5 cash flow to debt, and the stock trading at only $3 times cash flow, What is $200 million per qtr. worth?
I was just looking at a different stock, different sector trading, negative-100 price to earnings. And it is trading three times book.
Whitecap is .6 book, like 7 times earnings,
The market is telling me , pricing wise, that Whitecaps cash flow wil be negative.
Are they going to nationalize oil ?
The market is pricing in Like the NATIONALIZATION of Canadian oil.
If that goes forward well then WCP's 200 million per qtr aint worth spit.
but then if that happens We will have a lot more to worry about then our portfolio. Cheers Matthew