WCP debt to be $800 Million or less
This is fantastic news, Whitecap reported that by June 2022, thats only a few months from now that their debt will be at $800 million or less. Fast forward a year from that date to June 2023, they could very well be totally debt free. What does this mean for us? This means that Whitecap will be financially independent from the banks, printing money for years. How far will they go with the NCIB buybacks into the future? I'm sure that Grant and team have a number that they're willing to repurchase and cancel. I haven't read any info on this subject and personally I feel that they should have a float of 250-350 million shares max. Keep this in mind, for Whitecap to buyback 10 million shares at $10.34 ahead of the April 28th earnings report tells me that the future is very bright for them. On another note, Tudor Pickering Holt raised the TP to $12.50? This is an insult, as far as I'm concerned I would totally ignore these guys with whatever they say when it comes to WCP. In the past TPH has reported negative views on WCP, so I guess Grant and team will have to prove them wrong, oh wait, they just did, yesterday. Can't wait for April 28th, be patient and hold those shares close.