Perfect pullback today IMOOil steady - WCP price still does not reflect current value nor the increase in oil price of the last couple days (all next quarter earnings).
Modest lpullback is exactly what we need - time for everyone to get their footings.
Those looking for a Div increase before the next quarter release - I give you a 5% chance as I only expect that announced when WCP confirms they have hit their debt target. On the upside, we are probably 95% chance this is accomplished by the next quarter release.
One way or the other, additional value will be returned to the shareholders - via debt paydown, sharebuyback, and almost assuredly a divvy increase OR special div.
10s are gone - 11s? - might hit high 11s but just as a touchpoint - w/ oil steady we stay in 12s minimum.
I'm just making $hit up as I go along - but good luck to you all.