RE:RE:RE:feels like a pp to meI was going to take night off but I think I am going to spend next three hours reading every single financial statement WCP has released.
Regardless of the speculation I need some new investment targets to buy stock in....I sold my CJ margin so I have the cash and I am my position in YGR is getting large.
I still want to crack 100,000 more Yangarra shares but I can't get any visibility on timeframe when it will launch up...I can usually have a feel but blank with Ygr right now. It may need Q1 to come out. I see any type of increase of volume rapidly...I am locked and loaded ready to f*ck hammer. I would rather buy it at 1.24 with alot of shares trading and nice bid strength then 1.18 right now. And if it happens to spike and I miss my next buy order I still have so many shares to make a profit on. I need to be convinced to lose my cash cushion.
Part of it is I think investors are not confident enough yet that 60 dollar is here to stay in 2021.
Probably why YGR has one crazy mutherf*cker shorting it...complete out of control maniac...I can tell he shorted at least another 45,000 shares today..nuts. I would pay 1k to meet this dude in a back alley...beyond annoying already.
But as I am using real money, this isn't f*ckin play money, if CJ keeps going up 10% a day I am going to have to keep profit taking abit.
WCP may be tempting too divisfy with. Also marginable better lol.
Without even looking I can tell WCP is strong as a mutherf*cker financially as they could pay any kind of divy through covid...shows insane stength the banks even let them pay this divy.
Look at us lol.
I luv CJ but this is the reality, as long as CJ is 18-20K BOE a day we should never pay a divy. The greed part of me has said we should pay a divy again in prior posts but that would be a bad idea longer term.
The reason we shouldnt is our stock price would suffer such a bloodbath if we ever had to cut it..we would all be smelling the brown finger on a divy cut and just me and black and black would be left posting lol.
But CJ is a higher operating cost company and we can never afford to pay a divy in sub 54 oil. Maybe higher is even needed. Oil prices are still too votile with potential dips. We are just too small to do a divy based on oil. CJ needs to be bigger.
I would accept a 2 for 1 deal as lol it likely means WCP announces a divy increase of say to between 2-3 cents a month and WCP moves up to plus 6 bucksvery fast equaling a 3 buck price fast for CJ in a 2-1 ratio. That would be the potential sweetner to CJ shareholders for no premium...divy increase and WCP bolts up. As I actually think in that hypathical situation WCP would actually rise in stock price if they made a move on CJ like that.
CJ gains likely are going to be capped too some extent soon unless some kind of deal is in works and announced, whatever that may be. WCP offer for CJ would have me cracking a crown royal right out of the bottle, I would be drinking it straight on a WCP for CJ deal.
Even our Q1 is just going to be solid but not speculator. Q2 should be the good one.
And oil isnt 65 dollars yet...how can we pass 3 bucks and that market cap without 65 dollar oil.
Very interesting right now
forecast123 wrote: Kavern: Forget about WCP... Its SP has been limping in the last few weeks.... It has some sort of a piece of good news (increase in production with no need to increase capital spending) yet its SP has no response at all to good news ! Regarding your maths of 1 WCP for 2 CJ.... I wont take it bc WCP's SP is 5.46$ today, which will give the maths of assuming CJ is worth 2.73$ per share.... I think CJ is worth far more than that ! I also think if given a time horizon of say a year, CJ's SP will rise in greater % than WCP's SP.. In blunt terms, I think CJ has better potential than WCP !