RE:RE:Consolidation1970Craig wrote: Awesome Windgod !! I think it seems logical. Would you agree that there is some bias based on the industry priced In here. Or should I say more than we might even think now ?
I think having whitecap green energy team announcing something like thermo energy using existing wells or buying a wind farm or creating a wind farm or mining for products that we need for battery's ext..... this could be a game MASSIVE MASSIVE MASSIVE GAME changer for some of the producers like whitecap when considering the market sentiment of oil and gas , and change the entire narrative of the business model and therefore the market sentiment . This to me seems like the SPIN that could change how the market or world looks at this space. This is coming on some level , or we wouldn't have a team at whitecap for its purpose. I think this management team is ahead of the rest by a country mile and it's barely being noticed. Yet !!!
Just thoughts. !!
Have to strongly disagree. You are right that if WCP got into green energy it would be a MASSIVE game changer. MASSIVELY BAD!!! Let Grant and the team stick to what they have demonstrated that they do extremely well...drill wells and produce hydrocarbons. The anti oil sentiment is your best friend. Will any major invest in a big major offshore oil project. Not a chance...in fact Shell has been order to divert funds to green by the Dutch courts. Exon has enviromentalist on the BOD. I think big offshore projects supply 25% of our oil. Chevron exec bonuses will be tied to CO2 reductions. Hard to get any better!
We are in a fantastic sweet spot. The big majors need fund flows from the likes of the NY State pension fund ( which like many others are divesting from "dirty" oil) to advance their share price a lot. WCP on the other hand is small enough market cap wise that it can be moved by retail and small funds that love the news of a 38% divi increase and Grant's committment to return capital to shareholders.
Hopefully that sweet beautiful child Greta will make even more appearances. And I love that BMO commercial with Greta's Canadian cousin chasing rainbows and saving the world with green investments.
World oil demand is only dropping very slightly if at all. But, supply will be falling fast as this trend to under investment will only accelerate.
Love you Greta!!!!
glta