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Bullboard - Stock Discussion Forum Whitecap Resources Inc T.WCP

Alternate Symbol(s):  SPGYF

Whitecap Resources Inc. is a Canadian clean energy 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... see more

TSX:WCP - Post Discussion

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Post by iMAnewBE on Oct 11, 2023 12:33pm

Special

Special Dividend must be in the works.   Thier numbers are all based on a much lower oil price.   They must have wads of cash sitting around by now.  75% return was promised after debt milestone.  I want a special dividend on top of the div increase. Lol
(Greedy bum)
Comment by traderbri on Oct 11, 2023 2:32pm
Yes it would be nice to get a special dividend, but all I want to see is WCP punch through $12.00 and climb from there. Cheers
Comment by iMAnewBE on Oct 11, 2023 2:42pm
I've been waiting a year for that.  Doesn't appear to ever be in the cards.  That's why I clamour for special div.   Only way we are gonna make any money on this "slug"
Comment by iMAnewBE on Oct 11, 2023 2:58pm
Seems to follow familiar pattern lately.  Starts day well as one of the only green stocks.   Only to passed by practically every stock to be one of the only red stocks.  Seems to be shaping that way yet again.   I'm in a b'tchn mood I guess.  I've almost had it.  Might sell this slug.   I passed on Peyto few  months back for WCP.  WHAT S ...more  
Comment by barneyj44 on Oct 11, 2023 3:14pm
If youf going to sell hold on until they reconfirm the 23% dividend raise that should happen any day. Shoukd give us a buy the news bump.
Comment by iMAnewBE on Oct 11, 2023 3:18pm
I used to have that level of optimism.  History has shown the announcement won't have any effect.  If this thing closes red again today, I'll be selling off my shares.  Into GIC's I go. 
Comment by iMAnewBE on Oct 11, 2023 4:08pm
Well well.  Green in last few seconds.  Not sure what to do.  I usually lock for three months at a time.  Have 2 big ones worth of this stock.  I'm always on the optimistic side.  Will this slug finally break out of this depressing 10 to 12 dollar pattern?   I'm sure if swing traders have the stomach , they make money.  But I don't. I like ...more  
Comment by jimgeorge on Oct 11, 2023 4:37pm
GIC's?  Really?  After the divy increase this month, WCP will be around a 7% yield at todays price.  With the tax advantages dividend income gets you would have to get a 9% GIC to match that.  Good luck with that! There's a lot of whining about the share price being in the doldrums.  WCP is not a stock to buy for quick capital gains, it is a stable income ...more  
Comment by iMAnewBE on Oct 11, 2023 5:24pm
Yeah frustration brings out the exaggerator in me.  Can't compare WCP to GIC other than the safety factor is attractive.  I think I'll likely move some money into GIC leave the rest here and hope for the best.  what do think about all the recession bears calling for downturn soon?
Comment by jimgeorge on Oct 11, 2023 7:06pm
I don't think a recession will affect my dividend.  Not unless it's the "mother of all recessions", I don't see that coming.
Comment by Olliethegoalie on Oct 12, 2023 8:57pm
Sell if you think it is a slug. For me, in Grant we trust. Get a deal, buy it. Most if not all accusations have been very good. Use debt (interest rates to fall next year in my opinion). Do not issue shares.
Comment by Canoftuna on Oct 11, 2023 7:33pm
No specials please! I would like 3 new targets. Say 1 billion, 700 mil and 400. They would be special to me. Was hoping to see it in the Oct presentation. I think they're up to something. Hope not.
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