Whitecap Resources Inc T.WCP

Did I mist something, why it is on the down side????

[clamet]

??.???.

[itsalie]

dividend is not great, and was not increased.. over all just not that good a release for investors. they want you to wait longer before they start returnig money.  

[2dream4U]

They just raised the dividend almost 40% last week. What are you expecting? 

[itsalie]

a lot more.. still not a great divvy with the amount of risk associated with oil. 

[2dream4U]

I don't think very many people are settling down for an oil play dividend right now. If you are, go sit on Enbridge or Pembina. Baytex, Tamarack, Meg all pay nothing. Raising the dividend won't do anything to attract investors. Institutions just aren't buying oil, and are unlikely to do so unless there's some kind of BS green plan that goes along with it. Buy the dips and catch the

[goldens]

Hopefully it moves back up after the analyst call.

[itsalie]

looking at  suncors reaction relative to the wcp reaction to earning release, seems clear many people were expecting more.. who knows how long oil stays at this price.. anyway, I was hoping for more..

[masfortuna]

Suncor is down just like whitecap.

[geezer21]

What I suspect is irrespective of quarterly results all the oil producers are still trading on the downturn in oil prices that started yesterday. Alogorithum trading programs treat all the producers the same based on macro events programmed into them like oil inventories, storms, global supply distruptions etc. Expect this will reverse as soon as oil resumes its upward moment as it has to given

[geezer21]

As the day wears on the price of oil has been climbing to around $82 now and the TSX Energy sector is up 2.8%. Whitecap will likely pull on up along with all the other producers that are now showing green.

[pierrelebel]

masfortuna wrote "Suncor is down just like whitecap." ??? Suncor opened up 9% this morning and has kept going up - now +10%+

[masfortuna]

Yes sorry. I was looking at the wrong company.  I hold 8 energy stocks including Suncor and I got them mixed up.

[masfortuna]

Correction, was looking at another stock and got them confused. Sorry

[jleer42]

No way would there be two dividend changes within one week. With last week's guidance chances of big surprises were slim. O&G stocks are working their way up as debt comes down and returns increase, but there are a lot of ups and downs on the way. Hard to be unhappy with the stock increases in 2021. Live with the short term gyrations and be happy with the longer term trend. WCP may not