Whitecap Resources Inc T.WCP

bit of a tough week here

[uograd]

First trade on monday morning was 6.82 and now 6.19

my spider senses tell me that some funds were a little overweighted in wcp stock after the torc acquistion so are lightening their load to get down to the per cent of ownership they are comfortable with.

I myself dumped a good chunk in the last couple of weeks at higher prices.  Normally I would buy back but seeing how it is a friday I think I will just keep my powder dry until monday and see how things look then

dividend of 2.76 at current prices is not a great incentive either.

flip side is whitecap is killing their budgeted cash flow and earnings so that is never bad.

[barneyj44]

Maybe Wcp should start a share buy back, seems to be working for Crescent point

[MissUppercut]

Insiders were buying Feb 24-March 4   should tell you something IMO

[Backinblack1000]

This post has been removed in accordance with Community Policy

[riski]

It's all relative.  I wouldn't say they are killing it with cash flow relative to other names at this price.  We are a couple of weeks away from booking the first quarter at a very high oil price which will give other names much more cash flow/market cap than WCP.   WCP was a good name to ride during the uncertain recovery and it was the darling to be sure.  But

[barneyj44]

I would hardly say Wcp is overpriced, with the addition of Nal from Manulife and the addition of Torc, this isn't your old Whitecap. Most likely a great buying opportunity with plenty of upside Torc

[riski]

From a global equity perspective, I would agree that oil names, especially CAD oil is underpriced.  But it's all relative.  All CAD oil names are underpriced, but some are much more underpriced than others at WTI $60+.  WCP is king of the hill and priced well at this point relative to other names.  That's where the capital is flowing right now.  To the higher

[barneyj44]

Riski I guess my Baytex never got the memo, good move from the bottom but What have you done for me lately...Lol

[riski]

Good luck with your WCP investment.  

[riski]

Almost one year since I sold WCP for higher beta names and we had this conversation.  Returns since March 12, 2021: WCP - 42% MEG - 117% NVA - 262% BTE - 402% It looks like you bet on the wrong horse.  

[barneyj44]

On the contrary Riski. I have more then one horse in this race. My other ponies are Cpg, Bir, Arc and Baytex. Whitecap is my biggest holding , the cream eventually rises to the top.

[jollynik6]

Good choice   Wcp is my largest to   other 2 ponies are cpg  tve  Hope your right about the cream  Whats your target on Wcp--cpg

[Citizen13]

Have you looked at the chart of say, BTE ?   Just like WCP , it is where it was around the beginning of 2018. So what really happened is a very poorly managed company was absolutely hammered , near bankruptcy and recovered just in the nick of time . You are correct in saying it was a bet . BTE was a bet, WCP was still a well run fiscally responsible company . I'm not here to gamble . We

[riski]

If you cherry pick endpoints, you can make any argument you want. But we don't have to here.  We have well-defined start and endpoints - a discussion I had with Barney one year ago and today.   It is not true that BTE was near bankruptcy at 30 cents.  The market decided to price it like that, but they had no notes due until 2024 and it was March 2020.  So all you had

[MissUppercut]

The fair market value for WCP is listed on the TD market and research reports this morning @ $6.53