RE:Each and every time they annouce something......
JFB1969 asked "Is there something that I'm missing....?"
Not really.
Most Canadian oil stocks were down today following a 5% (appx) drop in WTI (current) and about 2.5% in long term futures (March 2023)
Also, some short term traders are selling ahead of the Canadian federal budget tomorrow, expecting potential bad news for oil stocks. I frankly do not see it but.... that is why we have a market: to match buyers and sellers, both having a different opinion.
My wife and I are long term holders and remain confident that WCP shares will reach $15.00+ sometimes in 2023 following buybacks and increases in "eligible" dividend to $0.72/$0.96 annually ($0.06/$0.08 monthly).
Hourly, daily and weekly fluctuations are irrelevant to us.
Patience will be rewarded.