1970Craig wrote: Excellent buy Pierre ! Remember last year they bought 10 M shares of 19 M block sale letting banks , institutional investors have the other 9 M. So we bought 10 M shares at 10.29 cents or around this number. Institutions bought 9 M.
So they ( banks ) could of dumped those 9 M shares as it went higher before it dropped 30 % like all of the oil and gas sector , someone holds 9 M shares well above todays pricing . With the back drop of a increase in dividend and future increases as well , along with the energy sector supply / demand out look , despite what will continue to be a roller coaster we end up higher over time .
Folks we are profitable yes ......PROFITABLE AT $41 dollar oil. Add the exchange into this because it's 10 cents higher a dollar you are making money at far lower prices.
Every single day we get $80 oil , we need less $41 dollar as break even drops with borrowing costs , and what not dropping with the debt reduction.
It's hard to be patient when you see the large potential increase coming and if we were a bank we would trade at $30 dollars based on multiples applied to oil and compared to bank. Banks generally around 12 times today far less but we are trading under 3 times earnings.
CRAZY. HISTORICALLY WE TRADE AT 6 to 8 TIMES.
So to say there is massive potential for a re rating based on investors regular investors coming over and I do suspect some will come that are on the fence this year.
I feel good about whitecap all the way to 12 dollars right now. After that for me. I don't like volatility and I want to be in an different sector with most of my holdings, ( eventually banks ) as we work through this so called inflation . I know banks are very boring. I am all or nothing so yes I am just posting my personal feelings around this market.
For me personally I beleive strongly there is doubles and triples here for the patient investor.
For me I made out very well , and if I can get another 20 to 30 percent on top of this , and wheel over to the bank stock line up and pick a bank up with a 6 plus dividend . Wait for it to normalize to 4 % div and pick up 30 %. .
In 2008 and I am not comparing but you could get a bank with a 10 plus % dividend .
Once in a life time opportunity. Doest matter what the flavour of the year is they all use banks.
As I get older I am going from insne risk to the other side and I all take a breath and maybe do it again.
Lol.
Ok. So there is my take.
This is my opinion. Just thoughts. So don't take my advice.
I think my plan is good if I execute it.
Good luck and if you like my idea that's why I did post it.
I want to help others and I want to be corrected. I am good with the correction. Always. How else do you learn.
Okay good luck to my friends here always !
C