RE:RE:RE:RE:RE:RE:@#$%Your handle is funny as you clearly are not chasing a dividend. Tell me... what do you call a stock that pays a 100% return every 15 months through monthly dividend payouts? You arrived at the party late and sound like you are upset the stock is not flying.
There's still time to get on the train, although the window is closing. Look at the chart since August. It's a textbook head and shoulders with stock price performing as expected. Other reasons...
- We are on the cusp of driving season.
- We are heading into a US election year. Historically the price of WTI rises significantly into the summer preceding the vote then tapers into fall. Look through my old posts. You will find a historical analysis of the price of WTI during election years and non-election years.
- The US is about to begin cutting interest rates as their $ is over valued. Historically when this occurs, the price of WTI heads higher. Watch for an interest rate cut next week when the Fed meets.
- TMX is about to open which will reduce spreads, and while likely not directly influencing what WCP produces, it is going to draw attention to the Canadian sector.
- Talking investment heads in US are suggesting it's time to rotate out of US stocks as they are over priced.
- War in Ukraine and middle east are at greater risk of heating up, as democrats beat the war drum. Hint... it's not really to support the war, rather to unify Americans to get behind their leader and vote for him in November. War is one of the democrats most popular election strategies.
- Today there's news of meaningful attacks agains Russian oil refineries, suggesting greater demand for middle east and north american oil as russia can't process their oil or move it in volumes necessary to offset European demand.
- WCP first quarter results are out in a matter of weeks. Price of oil has been good. Projections for rest of year are likely going to be good, with more talk of returning capital to shareholders with possibly further dividend increase.
- I could go on and on...
In regard to the flip last Summer... yeah I noticed that to. If you look at my past posts you will see I posted a graph showing it. Initially my thinking was that it was because the market was fearing management was on the prowl to make a purchase. I no longer believe that. Instead I think large players are manipulating it lower.
In my 30 years of investing, I've seen too many intances where the big boys simply don't like to see large dividends going to too many retail shareholders. Many of us bought in big sub $1. Do you really think the establishment wants retail with a dividend payout at that level. With the cashflow these companies have and their committment of reducing debt, buybacks and dividends, I'm speculating they will do their best to either shutdown cash machines like WCP
(think mergers/buyouts/take private). They can see the Trudeau discount on Canadian E&P is coming to an end. I'm speculating there are many games going on while the the large firms are quitely trying to amass as many shares as fast as they can. Personally I think CPG as a comparison is simply ahead of the curve. Likely and largely because of their US listing.
My entire thesis may get turned on its head by summer, but this is what I'm seeing today. Or... just go buy bitcoin or NVidea and see if it goes to $100k sometime in the next year for 20-30% return. Personally I'll stick with a 100% return of principle every 15 months with potential for significant upswing heading into summer.
In any event, best of luck with your investments and whatever you decide.
DivChase wrote: Yep. I've been on here 2 days. A bunch that just want good news and bury thier heads, no real discussion about stock performance (unless it talk about good news).
your all a waste of time. I thought someone here might convince me not to try. You just did the opposite. Many people read these words that aren't members by the way. Probably come to the same conclusion as I have . This piece of garbage