RE:RE:RE:the 8 per cent solutionWell I took the 5% gain and left at $5.90. Enjoy the tiny dividend raise. After a couple of months, maybe it will pay for a burger or two.
2021Gamble wrote: yes....i have no doubt you weren't impressed. But then, that is because your logic is flawed, as is your math. Raising the dividend, making cash hand over fist at $60 strip, and we are going to break $70 in the very near future.
On top of that, they NCIB was just announced as well, so share buybacks will be starting very soon you can be assured of.
the only theatrics and gamesmanship I see, is in your grossly obvious, and easy to see through "rabble"....that makes you a rabble rouser.....
dividend, NCIB, debt reduction, BPD increase....what's not to LOVE!!
riski wrote: I'm not that impressed with the decision. This rally is still tenuous and the capital would be better used to reduce debt or buy back shares given the large number now outstanding after the acquisitions.
The increase is so small that the entire additional dividend could be nearly offset by the share price moving a penny - and it moves much more than that on any given day.
It's just theatrics and gamesmanship. A meaningless gesture in the end that has the opportunity cost of not reducing debt or buying back shares. But the market liked it so I'll take that to the bank since the gain yesterday had multiples more value than the measly dividend increase.
uograd wrote: well 8 per cent won't change our lives but what it does show is that whitecap is making so much money on a daily basis they have run out of places to hide it.
this was totally a move to appease shareholders and give a big fluck you to everyone who keeps doubting them and selling their positions.
we are knew it would take some time to deal with all the new stock issued and will have the same problem when the kicking horse shares become free trading but the long term direction here is higher and future divend increase are in the bag.