RE:RE:RE:WCP- SECTOR - Russian price cap ? 1970Craig wrote: Well said Pierre. I do think the intention is to sell to China India the ones buying of now under market. So many curve balls and it crossed my mind that a capped price on Russion oil could affect the cost world wide.
I do agree with your assessment
, the curve ball is what I was suggesting. Your absolutely right to say don't focus on the day to day minutia. Always a good reminder. !
So that brings to the bigger Picture and we are (WCP - a few of other holdings ) all making a lot of money .
Look forward to 2nd Q earnings.
Take care all !!
C
Good points piere and craig. I still think the bottom line is this. There are a number of bigger players in this sector, the 40, 50 60 $70.00 a share guys. Their companys shares are WORTH those dollars because their Worth those dollars! Their value is because of assets, profits,and future inventories. As WCP has said before,they can still pay the dividend based on $40.00 oil. Part of a companys value is based on profit, and WCP is extremely profitable and this will be even more evident when the second quarter financials are released next week. In my opinion the value of this company will not change regardeless of what Russia, China, India and whoever does to manipulate the market. I believe our share value will not only hold, but continue to rise. IMHO. Good luck all, looking forward to next week!!
GLTA