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
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
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.