RE:RE:Food for thought.. So many hit new 52 week highs today. Cenovus , CPG , Baytex , Nuvista , and White....... nope we did not !!'
Sometimes the PE will have costs in a Q that increase or lower there earnings. So sometimes those P/E 's are deceiving. Such as the impairments all oil and gas stocks took on assets when oil prices dropped , some of the recoverable oil became non profitable to extract at 30 - 40 dollar oil. So now many are reversing.
You know some more food for thought , I often wondered amd hace said it. We did a lot of aqusitions, and this is good , but the money printing machkne In Whitecap might not be
Where CPG is with there 1 large asset purchase from Royal Dutch Shell . That was a killer killer asset CPG aquired. Go back and google the transaction or the news release from CPG. This asset is just freakin incredible.
So there money printing press might be running smoother at this point. Whitecap is juggling 3 large aqusitions kicking horse , Torc and NAL ? Then they did those tuck in aqusitions, this will all pay off ......but I said it here , doing these aqusisitins are great , but they add shares to the share count , ot added Debt. I was actually worried that by
the time WCP hits it stiride with these assets the sentiment in this commodity might change. That was last November.
Obviously this is not a concern anymore at all , who would of thought that in a already tight market , Putin would start a war ? Or did NATO and Ukraine start a war. Did anyone ever actually think Putin would be cool with NATO in its door step ?
Just ask the United States if they remember Cuba ? Or how about Canada joins the " Canadian - Russion Treaty for the largest countries by land Mass. " lol
Last comment. Folks Pat your self on the backs of you own both CPG or WCP or even just one of these !!
You are killing it , and it's likely going to double from here in the next 12 months. So huge congrats.
C