bit of a tough week hereFirst trade on monday morning was 6.82 and now 6.19
my spider senses tell me that some funds were a little overweighted in wcp stock after the torc acquistion so are lightening their load to get down to the per cent of ownership they are comfortable with.
I myself dumped a good chunk in the last couple of weeks at higher prices. Normally I would buy back but seeing how it is a friday I think I will just keep my powder dry until monday and see how things look then
dividend of 2.76 at current prices is not a great incentive either.
flip side is whitecap is killing their budgeted cash flow and earnings so that is never bad.