RE:1970Craig & Windgod46 thanks Barney I think we are heading over 8 and it will be tomorrow or by end of week. I feel strongly about this.
It's place your bets season and I feel we are the sector that gets the money this year. Sure we had a good year last. But it was more a product of being anihilated the year before.
I know I didn't sell a couple of positions before year end because I felt it was better to push the capital gain a entire year and use the money I would otherwise pay in tax to hopefully make money on this gain . So I see money moving into this sector in that form .
Look at the money these oil companys are making right now it's insane. Whitecap is one of the strongest company's in this mix , and we have the Carbon Sequestering witch should at some point not only provide benefit to the bottom line , one would have to assume that people who might have some reservations about the oil trade due to the optics of trading in this sector will JUSTIFY Whitecap as being Carbon negative and allow themselves to move to this sector .
I am starting to think we are going to 80 WTI again and if we do I would think a one time divvy looks probable and if not a raised dividend at next earnings release
Things are very strong and every day we lock in above 65 dollars WTI is a day we beet the metrics the company does there presentations or forecasts on when discussing aquisitions.
Feeling good about holding this for the foreseeable future . The person who sold I understand locking in a profit and maybe we dip tomorrow and you can buy back in . If your lucky this is the case becasue you sold to soon Collect the divvy and wait until we at least hit 9
We are above 8 this week and Gamble said we are going to much higher levels by end of this month and I agree completely .
The money is coming and they want you to sell ! Don't
Choo Choo.
Craig