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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

TSX:WCP - Post Discussion

Whitecap Resources Inc > Whitecap has sure turned ugly
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Post by barneyj44 on Jun 21, 2024 4:41pm

Whitecap has sure turned ugly

lately. What you gain from dividends you lose to capital depreciation . Whats it going to take $85 to $90 oil, more M&A, my biggest Oil  holding needs to find it's MOJO. Maybe smoother sailing next week.
Comment by tollycraft on Jun 21, 2024 6:18pm
 I personally don't see oil going to $90.00 although I hope so. I can see possibly $85.00 (at least for me), I think thats thats realistic. I hope your right about next week. What I relly get sick of hearing is all these banks and investment professionals constantly stating WCP Target $14.00-$15.00..... Like one poster stated "we cant even get over $10.00". ha,ha,ha, he's ...more  
Comment by Humanist on Jun 21, 2024 11:20pm
agreed!I've been wondering the same thing for awhile. all analysts & banks keep talking about wcp and its target etc.. yet nothing happens and the sp is so depressed or opressed. not sure which but it doens't matter , as a shareholder I am not happy, have been in it for over a year and my the sp is still the same .or lower.. so not sure what to think anymore about it, iam starting to ...more  
Comment by uwebb429 on Jun 24, 2024 5:29pm
WTI went up $23 last year during Q3 and this year is looking better than last year. Peak oil demand starts in Q3. Combine that with the improved WCS WTI differential this year, the weak dollar and Canadian oil weighted energy companies are going to be rolling in the dough. Fill your basket with a variety of energy stocks including WCP and you will have no regrets three months from now. 
Comment by baranja on Jun 23, 2024 10:48am
Current oil price is just fine.  If Alberta/Ottawa, Saudi Arabia, Texas and other oil producers are not sick and tired with those NY bankers robbing them blind and don't do something about it, nothing we can do. The problem are those intentional attack on oil and gas companies itself, as if they want to force all people invested to get out, and move into their AI fraud, and also,  ...more  
Comment by Westcoastenergy on Jun 24, 2024 3:59pm
....only up 3.96% today.... Of all the energy stocks I own and follow, this board is BY FAR the most negative on Stockhouse.  Slow and steady wins the race.  In my opinion, with continued buybacks, continued increases in dividends and, most importantly, continued growth in production, WCP will be a must hold over the longer term.
Comment by DivChase on Jun 25, 2024 4:05pm
Well,  one can definitely see why there is so much negativity.   I mean, if this oil stock isn't a dog I don't know what is. 
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