Whitecap Resources Inc T.WCP

Scam of the earth having a field day

[WINDGOD46]

The crime syndicate, hedge funds, shorting parasites, penny chasers, and all kinds of swindlers work hand in hand with Powell, Biden White(mad)House to suppress WTI and re-elect Biden. Will they succeed? Not likely. The Reserve oil is getting low to draw from it and flood the market. So they use paper to short the futures and the oil stocks. That is the fate of oil stocks whose price depends on the underlying commodity. Oil companies have no pricing power whatsoever. GL

[Moemoney42]

The paper traders will have to come to the conclusion at some point that the physical market will dictate the trade in the end.. they can fear monger with headlines and collectively short the market, but when the barrels aren't there the musical chair game ends and the rubber hits the road..  It just takes patience for it all to play out.. OPEC+ and the non-opec producers have a different

[tollycraft]

Aagreed Moemoney.  I  was in Cpg but only briefly but back in WCP.  I really hope we can soon hit that magic $12.00 mark.  Good luck! GLTA Tollycraft

[barneyj44]

Welcome back Tollycraft,  both good companies but getting a 26% dividend raise next month is nothing to sneeze at.

[tollycraft]

Could'ne agree more, thats the main reason I came back, Took a bit of a hit, but worth it. GLTA

[Moemoney42]

Agreed fellas, I own both but a lot larger CPG holdings.. I do think CPG will have a special divi announced again, unlike WCP's base divi increase, which are both fairly reasonable and similar in yield after the specials are factored in. 

[tollycraft]

Could'nt agree more.  I have to admit the 5 1/2 % GIC 1 year (no risk of course) was looking like a reasonable optio but since the official  announcement came  (as we all expected but I was thinking end of year) re: the increase ,that sure negated any second thoughts about a GIC.. Good luck barney. GLTA

[meritmat]

  Think you can get 6 if you ask......No risk 6% return is nothing to laught about but with oil over 90 and looks like it's going to stay there I don't want to dump any oil company shares... Sometimes I feel like I'm in a giant cansino with a huge stack of chips infront of me and keep telling myself.....just one more hand. 

[tollycraft]

Yupper, I still feel its more of a gamble but also oil has been fairly stable ($70.00 plus for quite some time) but cant forget where it went not so long ago.  Right now feel comfortable with WCP as I would be with CPG. I cant afford both so decided to back to WCP from CPG but their both great stocks with good looking futures. GLTA

[jimgeorge]

Don't forget that dividends have a better tax treatment than interest income does.  A 5.5% dividend yield is worth about as much as a 7.5% interest yield...exact comparison depends on your marginal tax rate of course.  And GICs have to be locked in to get that rate.  So the 5.5% GIC really doesn't appeal to me much.

[Citizen13]

It's always a game of risk/reward. You could of course lose your entire dividend in one day on a black swan event announcement. I kind of get a buzz from some risk, unfortunately . With a GIC you know exactly what youre getting . Ho Hum.  I'm in sales and have been on 100% commission in the past . During hard times , which there are many , it's awful and stressful . During good

[Seppelt]

GICs are for illiterate people who don't understand the stock market. As long as commodity prices stay in the current range, there is enough free cash flow to retire debt, pay dividends and buyback shares. The $100 or $150 range predictions as per JPM below is not sustainable. Won't complain but if it happens, will sell everything and buy fking GICs.  https://www.investing.com

[Seppelt]

Unfortunately the buybacks may not continue after 2024 because the Trudeau government will be adding a 2% tax. Common sense vs Lunatics - this is what a farmer in Western Canada thinks of Trudeau and his cabinet: https://youtu.be/LMG4kuEN_kM?si=NJtJ1Ua2ERvlFR20

[NonCredibleSrc]

WCP currently pays out over 5% on outstanding shares. This value goes up in Oct if I have read correctly. 2% tax? Truly nothing isn't it, particularly considering it's a one-time implication.  I would need you to point me to the actual downside of this buy-back tax if you could. Something tangible enough, in the ways of and effects on WCP, that will have an impact on your portfolio

[Citizen13]

Exactly . How in the world is a 2% tax going to disuade them from buying back shares ?  Much better than a 75% tax some are paying in Europe for " excessive profits"   Now thats a bunch of buffoons running the governments . Politicians just have such a knack of always making the wrong decisions and screwing up everything they touch. I guess if you are completely useless there

[masfortuna]

 love it! IHAVE A SIMILAR PLAN