RE:RE:RE:RE:From the blogosphere -Burnsco
We all wish that we're true but a 30% rise in 6 weeks or so is highly unlikely. The banks & investment firms have $8, $9, $10.50, $11 $12.50 targets thats basically end Dec 31st. That fact is these price targets are just estimates. I hope you're right with your prediction and make no mistake, Whitecap has strong leadership and is making some very tactical acquisitions with more coming in 2022. The last week or so looked bleak, not just for WCP but for all the oil patch, just like that. Since last week's trading, WCP I believe stopped the bleeding at $6.36 with Ncib buying. Buy Friday it was back to $7 with some sort of devine intervention with today touching $7.82, all because of the news release of Monday morning, pre market. I posted a few weeks back when the SP was $7.4 - $7.5 range, was flat after their last earnings release. There was chatter on this board that WCP was looking to buy Cardinal or some other smaller player. Well now we know what they were up to and I congratulate Grant & Co for releasing this exciting news just when you might have started having doubts in WCP or in energy stocks in general. WCP, TOU, BTE, CPG, have a new style of informing shareholders with future plans, FCF forecasting, share buy-backs, dividends, special dividends, basically transperancy that in the past was only for the institutions. I think that they have finally figured it out, the small investors matter more than they thought, especially in this anti oil environment. Strength in numbers counts for something, stay long and we shall be rewarded.