RE:RE:RE:RE:WCP- SECTOR - Russian price cap ? tollycraft wrote: 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
That is the truth Tolley , you know we are up 58% while others are %100 -150% - 200 % up . So I feel that apples to oranges we aren't being values the same as others .
I feel we are being held back for now because we were growing production through acquisitions, especially early with share dilution to pay for them . Then more recently the bolt on aquistions last October / November that also diluted shares but because they had purchased shares through the NCIB kept the actual share count reasonably flat , and just increased debt ( again ). Prices for Gas / WTI only went up ( war - demand/ supply ) and these aquisitions were paid off long ago through free cash flow . This XTO transaction is the best thing they have done yet ! Except, in the short term increases debt big time . It's not the aquisition that pays this off in 2 years it's the company as whole that pays this off in 2 years with zero share dilution, and the shareholders receiving a growing dividend along the way all priced in of course. Hence the promise to pay the shareholders 75% of all Free cash flow once they hit 1.3 B net debt targets .
So for now , the world including me likes instant gratification, and whitecap is growing to become stronger , and this in the long means we will have our day.
I think the fun way is to break it down and see how many barrels a day of WCP or there production you own compared to before. They beak it down in there presentations how many barrels per million shares and you can take that and break it down into how many barrels you have producing. You might be able to say if your Grant the CEO you are producing 1200 barrels a day. Or maybe you are producing 3 barrels a day.
I like to take all the different companies I own shares in and add up the barrels I am producing based on the above .
Then there so debt ext. but it's fun.
I think we in a down market we are the stronger company and when things go up on a good market we go up less.
Seems to be how WCP works. It's a sold place to put your money. If they stop growing we might see some huge pay outs. So the 75 % pay out kind of seems like a pipe dream with all due respect. I think they will end up buying something and we will be put back burner again.
I don't know if I want to be married to WCP or any oil - gas E/P forever.
So I am going to hang on until November re- evaluate.
Ramble for today for sure !!!
C