Whitecap Resources Inc T.WCP

the 8 per cent solution

[uograd]

well 8 per cent won't change our lives but what it does show is that whitecap is making so much money on a daily basis they have run out of places to hide it.

this was totally a move to appease shareholders and give a big fluck you to everyone who keeps doubting them and selling their positions.

we are knew it would take some time to deal with all the new stock issued and will have the same problem when the kicking horse shares become free trading but the long term direction here is higher and future divend increase are in the bag.

[riski]

I'm not that impressed with the decision.  This rally is still tenuous and the capital would be better used to reduce debt or buy back shares given the large number now outstanding after the acquisitions.   The increase is so small that the entire additional dividend could be nearly offset by the share price moving a penny - and it moves much more than that on any given day

[2021Gamble]

yes....i have no doubt you weren't impressed.  But then, that is because your logic is flawed, as is your math.  Raising the dividend, making cash hand over fist at $60 strip, and we are going to break $70 in the very near future. On top of that, they NCIB was just announced as well, so share buybacks will be starting very soon you can be assured of. the only theatrics and

[Backinblack1000]

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[riski]

Well I took the 5% gain and left at $5.90.  Enjoy the tiny dividend raise.  After a couple of months, maybe it will pay for a burger or two.  

[mlcb2525]

Paper Mache hands, 5% return sounds about right..............

[riski]

Ahaha, more than 5% to be sure.  And this is my second ride on WCP this spring.  It's been good to me, but there are better names with more torque from here.   I couldn't resist the retailers pushing WCP yesterday.  It was a great opportunity to make a switch.

[Backinblack1000]

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[riski]

On the contrary - I am selling one of the most stable O&G stocks for companies that have more leverage to increases in the price of oil - far more risk.   If oil goes up to $75, WCP might hit $7.00 or so.  That's a nice little return, to be sure, but will be nothing compared to many names that will double or better.   On the other hand, if oil goes down to the

[Backinblack1000]

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[barneyj44]

If oil hits $75 Whitecap will be a lot higher then $7, more like $10 like it was back in 2014. With the last 3 acquisitions the company is much stronger now and going forward hence the dividend increase. Personally I own a basket Wcp. Meg and Bte. 

[Grandcentral]

I agreed. Lots of upside. And you can use margin if you want additional 'leverage'. IMO - just a point - not advice - do your own research into margin

[mogilny]

Why waste people's time with so many words?  TL/DR version: "I am a greedy novice day trader who enjoys flipping stocks to make a few percentages.  Watch me lose all my money chasing illiquid small caps".