Whitecap Resources Inc T.WCP

Everyone heading to 5% Gic's

[barneyj44]

Oil up two days in a row and Canadian Oil companies struggling to gain traction like B.C drivers during our recent snow storm. Time for an update Grant...

[Citizen13]

So much uncertainty in the oil market . China shut downs, Russia, will there be a recession , etc. Traders are really really gun shy.  Can you imagine if this was 2014 ?  WCP would be at $20-$30 already as the debt comes off and the buybacks are done.  . From my point of view, OPEC is still in control and will simply not let the oil price stay down for long .  This is very rare

[tollycraft]

Couldn't agree more Barney.  We need to generate some excitement here, Im certain if they would at least move up the date (if their intent is to increase the divi) to create some interest.  They can't be too far out from their debt goal especially if they have an asset sale pending, Im not saying they do, but there was some talk a while back that could be an option to assist in

[1970Craig]

Agreed 100 %.  Thought that for while.  With GiC paying decent why take the risk in oil and gas.  On my honest opinion and I see it won't mean much however I will just say dividend on a oil stock ? In this climate should be 6%.  The money must be a premium .  Just my opinion.       There announcement should include an asset sale. So along with a

[pierrelebel]

Craig1970 wrote ".... With GiC paying decent why take the risk in oil and gas...." That is correct.  Last week my wife purchased an 18 month GIC with BMO for 4.85%. It is called diversification and most serious investors have a diversified portfolio which may include cash, GICs, bonds, REITs, preferred shares and common stocks in various industries. We like WCP and expect to do

[barneyj44]

I ended up purchasing some Rbc Gic's for the very first time (66 year old) as well.  There finally offering a half decent return without risk.  5 % . Still in Whitecap , Crescent Point and Suncor but there performace of late has been lackluster especially Suncor...Tomorrows another day..

[OLIVIER1951]

5.25% terme de  2  ans  banque  laurentienne

[TimeBuilder]

Hey  barney, For what is worth & IMO   >>> No risk just maybe a little future Taxation issue. Hope your new GIC's are in a TAX protected accounts ( TFSA ) as we have learned from the past that any GIC Interest is taxed at your prime rate in cash accounts & later in RRSP/RRIF accounts on any withdrawn amounts.and  NO dividend Tax credit in a cash account is

[barneyj44]

Thankyou Timebuilder. I hold the Gic's and stocks in my Lif and Rrsp accounts. I am aware when I withdraw I will be taxed but have had the beauty of it growing tax free for the last 20 plus years.  Whitecap did okay today even with oil being down.

[TimeBuilder]

Well Done   Regards, TB Our RRSP's are now RRIF's & we are forced  to make BIG $$$$  withdrawals annually. The Tax man loves us.You either  pay him now or pay him later no excape....  ;>O But we get a little revenge by maxing our TFSA'a  annually every January .&  investing in solid  company's/investments, ( this year 2023 is

[Indicator]

yup, even my cash trading account paying 3.25% to sit things out. BC CU paying this 'preferred customer' 4.75% on basic High Interest savings account (HISA) after some squeeking of the wheel, no lock-in (not publicised).  Like others have posted 5%+ is a given on longer terms but I prefer to keep capital at the ready to jump on opportunities.  Tangerine Bank has time limited