RE:RE:Next week looking good!pierrelebel wrote:
tollycraft wrote "...Should be an exceptional financial report on the 27th..."
My wife and I are very positive on WCP. However I do not expect an "exceptional" report this Thursday.
WTI averaged about US$91 in Q3 compared to US$108 in Q2. Yes we had more production and the lower Canadian dollar did benefit WCP (and other Canadian oil producers) in Q3. However, we also had a substantial increase in interest costs in the quarter.
So, all in all, I expect an OK result. I also expect an announcement of a dividend increase for the December 15th payment.
The near term may be challenging for the share price but I still expect $15.00+ before the end of next year and another dividend increase in 2023 late Q2.
I think it will be better than "OK", but, we'll wait until Tuesday. I do agree WCP will hit. $15.00 before the end of next year though. I am however expecting we hit $12.00 before the middle of November. I'm not projecting any substantial increase on Friday unless thay announce something we were'nt expecting.
GLTA