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Bullboard - Stock Discussion Forum Whitecap Resources Inc T.WCP

Alternate Symbol(s):  SPGYF

Whitecap Resources Inc. is an oil-weighted growth company. The Company is engaged in the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its core areas include the West Division and East Division. Its West Division is comprised of three regions: Smoky, Kaybob and Peace River Arch (PRA). The properties in its Smoky region include Kakwa... see more

Bullboard (TSX:WCP)

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Comment by DivChaseon Jul 03, 2024 8:23pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:TD on PPL/TPZ Deal

Baranja!   I hope your assumption is right.   I gotta agree with Citizen13.   The Grant doesn't present well on camera.   Doesn't communicate with shareholders very well ...more  
Comment by baranjaon Jul 03, 2024 7:42pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:TD on PPL/TPZ Deal

I agree with you, but the key here is the fact that he is planning to raise share price.  I doubt he can raise the share price if he goes out to destroy balance sheet with the new purchase.
Comment by DivChaseon Jul 03, 2024 7:09pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:TD on PPL/TPZ Deal

Hey Pierre! Was there another interview other than the bnn one?   Maybe I missed it.  The one I watched he chose his words carefully.   200mil to share buyback and. "park the rest ...more  
Comment by pierrelebelon Jul 03, 2024 6:48pm

RE:RE:RE:RE:RE:RE:RE:RE:TD on PPL/TPZ Deal

"Why wouldn't he use that cash to pay the debt down then?" He explained on TV that about $300 million would go to reduce the debt (saving millions in interest charges) and about $200 ...more  
Comment by DivChaseon Jul 03, 2024 6:14pm

RE:RE:RE:RE:RE:RE:RE:TD on PPL/TPZ Deal

Why wouldn't he use that cash to pay the debt down then?  He likes paying interest costs maybe??
Comment by baranjaon Jul 03, 2024 5:26pm

RE:RE:RE:RE:RE:RE:RE:TD on PPL/TPZ Deal

He wants divident at about 4.8% to 5.5%... I think he is aiming to $14is share price.
Comment by baranjaon Jul 03, 2024 5:15pm

RE:RE:RE:RE:RE:RE:TD on PPL/TPZ Deal

I don't think so. Listen to his interview. HE SAID, his plan is to raise the stock price to, aprox. $15(ish) (to make a dividient in 4%-5% range). 200 M will be strictly for share buybacks on top ...more  
Comment by DivChaseon Jul 03, 2024 4:59pm

RE:RE:RE:RE:RE:TD on PPL/TPZ Deal

Citizen13 !  Unfortunately I have held this stock  for like a decade.   I've learned that Grant is quite and boring just before pulling the trigger on an acquisition.  Your ...more  
Post by BigJakeon Jul 03, 2024 4:43pm

Inventories

API - 9.163 mbrl draw YTD - 1.734 mbrl build  EIA - 12.157 mbrl draw YTD - 11.971 mbrl build  WCS - 67.49 WTI DIFF - 14.05   Good draw on inventories this week, although WCS ...more  
Comment by DivChaseon Jul 03, 2024 3:50pm

RE:RE:RE:RE:RE:RE:RE:TD on PPL/TPZ Deal

Good advice.  Already sold the vast majority 3 months ago.   I'm stuck with some of  this stock cause the good wife never did let me mess around with our RDSP.   All this time ...more  
Post by tollycrafton Jul 03, 2024 3:42pm

Share buybacks

I am and still am a strong supporter of this company. I do however think ,if they used the cash to buy back shares they could buy about fifty million shares at the present price which a little over 8% ...more  
Comment by Citizen13on Jul 03, 2024 3:40pm

RE:RE:RE:RE:TD on PPL/TPZ Deal

Thats great but if his plan is to get this to $ 15 I'd like to know how. Once again, you keep doing the same thing you get the same results.  He is unfortunately a low energy rather boring ...more  
Comment by Citizen13on Jul 03, 2024 3:36pm

RE:RE:RE:RE:RE:TD on PPL/TPZ Deal

It that's your goal why not buy ENCC ?  13-14% dividend but likely not a whole lot of capital appreciation just like  like WCP.  Double your dividend . I have some . There are guys ...more  
Comment by pierrelebelon Jul 03, 2024 3:34pm

RE:RE:RE:RE:RE:RE:TD on PPL/TPZ Deal

DivChase "... And tomorrow under 10 again. " If this is the way you really feel, in my opinion you should sell your shares now and move the proceeds to something that is more satisfying to ...more  
Comment by DivChaseon Jul 03, 2024 3:22pm

RE:RE:RE:RE:RE:TD on PPL/TPZ Deal

Yeah!   And tomorrow under 10 again.  
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