RE:WCP Momentum > yet another sign
Great read Dave's not here, thanks for sharing. This is an interesting view from Simply Wall street since its an American outfit. My question is why aren't the US investors not loading up on WCP and other Canadian oil patch stocks, especially at these prices with massive FCF coming our way. They mentioned the diluted shares being negative but you can look at it in other ways too. For example, they bought out 3 different producers a few months ago, with cash and shares that were valued around $7.00 Canadian. What would it have costed them now at today's WTI? Answer is, much more. What's important is that they scored a hat trick with producing properties of 20-30,000 barrels of oil, instantly overnight. Grant is a genius in my opinion and he reminds me of Mike Rose of Tourmaline.