RE:WCP - General
1970Craig wrote "... We are not being valued correctly. We are today with oil $75 and gas doing its fluctuating as well , we are or should be a 12 dollar stock and we have dividend increases coming ...."
True, WCP is not valued properly nor are all other Canadian oil producers.
My wife and I own five Canadian oil stocks: WCP, SU, TVE. FRU and GXE and we intend to hold all of them until at least the end of 2023. All should increase their dividends over the next twelve months.
While I do not expect to see WTI at US$120 any time soon, a range of US$75 to US$100 would be appropriate for 2023.... and very profitable!
Keep in mind that Canadian producers currently benefit from the lower value of the Canadian dollar. That benefit may not fully offset the drop in WTI but it helps all Canadian producers.
Patience will be rewarded.