RE:WCP SHARE BUY BACKS IIN CONTROL OF SP Agreed - debt may be higher if they cancelled the max amount of shares ? I am not doing the math right now , but it would take 250 M of the top of my head to fully use the rest of the NCIB. Even if it's 100 M.
I wonder if there will be a surprise. Most analysts have chimed in prior , all with higher targets , this may be preliminary analysis of what they see the year end looking Like.
No way it's bad that's for sure.
In my most optimistic forecast for Q1 results
1) if one remembers they advanced there 2022 drill program into 4th Q 2021 , and maybe they have all been brought on line , and they are producing above average , and they have due to higher pricing , hammered down on any advantage they can find to improve daily production, even if it's early or ahead of schedule .
I see them raising cap ex due to cost to drill , but also to capitalize on there assets in the Montney, or for that matter in any play with the reason being we didn't want to loose any crews ! Same thing they said as to why They bumped up 2022 1st Q to 4th 2021.
The other thing I see as a surprise is a " one time distribution, or a increase in dividend.
I actually think they raise the dividend simply because this gives the big boss man a huge huge raise . Why I love this company.
Inside ownership.
12 bucks or just under before another pull back by end of next week.
lol. Like I know !! Lol.
c