RE:Positive signsMustangMatt wrote: If the stock can find support here, over the next few days, technically that would start to set up well.
The key being that it finds support.
The reality is in the numbers. If Whitecap keeps paying off debt, grows production from cash flow, pays a sustainable dividend, keeps declines under 20%, and keeps growing cash flow per share then the long term looks good.
In the short term, the shareprice is like a voting machine.
Some day, investment dollars will come back into the Canadian O&G space. I just don't know when exactly.
We have seen this movie before in the 80's, same prime minister and everything. We are five years into this Canadian energy correction. From what I have seen and read, shale oil in the U.S.A could peak in 2020.
We will see another up cycle in Canadian Energy space again. I have read peak oil consumption could be 2040-2050. That's a huge guess because so many factors come into play, politics, technology etc.
In the end oil consumption will grow, U.S.A shale production will peak and then decline. Canada once again will be an unplucked gem because the returns on investment will be massive, investment dollars will flow back into the Canadian patch because, the cure for high prices are high prices and the cure for low prices are low prices.
Take it from me I have seen these cycles play out before, first hand. History does not repeat but it rhymes, cheers Matthew.
prices are still low for oil companies and maybe even more so for Canada, the question is when will we get a rebound and sustained rebound in oil? could we see prices rise in 2019 or will this bear oil market prices continue for 1 to 5 years more? I certainly hope that we see oil prices back over $70 for WTI and that Canada gets their $hit together in regard to pipelines and soon