Earnings
good news release, company is in my humble opinion doing all the right things, patience is the most difficult emotion to contain. What one must not lose sight of is that the current environment is rather difficult. I believe sustained higher prices are with us for 12 to 24 months. Demand is in question by China, and a slow down in the economy (global) however supply destruction is taking place in Russia, as time progresses we will see meaningfully lower production capabilities as a result of sanctions and investment. The ESG movement is still battling against the energy industry, and there is an ever increasing divestment of energy investments by endowments etc. However. Time is on our side, there will be ongoing increases in return of FCF to the shareholders. The markets are fickle.. driven by instant gratification and algorithm trading. Pay me now mentality. I am old-school. I invest..I don't trade much. Buy when out of favour..dont get caught up in the flavor of the month. I only sell when I believe full value and a deteriorating value looking forward is apparent. Neither are apparent yet for whitecap. But I am concerned about global tension. Have a higher than usual cash position..opportunity often presents itself when least expected..stay disciplined lads..