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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

Whitecap Resources Inc > wcp just too many shares for me
View:
Post by buylow on Feb 29, 2024 10:33am

wcp just too many shares for me

Looked at this one years back.  It was a darling then the crooked crew went on a spending spree, diluted the stock, shafted the shareholders, cut the divi due to poor management and basically treated the shareholders like dirt.  Going nowhere fast at this rate, dead money.  If you own it leave and put it into something more worthwhile.  Terrible amount of shares and until they reduce them significantly, I would stay away.  Better to be in hwx if you like oils or better yet ENB or banks.
Comment by KnaveofDiamonds on Feb 29, 2024 11:45am
I disagree Let everyone here no your short position.  Why would you engage on a bullboard to say that you don't own the stock. Makes no sense
Comment by BigJake on Feb 29, 2024 11:50am
You are certainly entitled to your opinion, but there is one fact your leaving out. In the last three years they have nearly tripled their production, this can't be done for free.
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