Bullboard - Stock Discussion Forum Whitecap Resources Inc T.WCP

Alternate Symbol(s): SPGYF

Energy Oil & Gas E&P

Whitecap Resources Inc. is an oil-weighted growth company. The Company is engaged in the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its core areas include the West Division and East Division. Its West Division is comprised of three regions: Smoky, Kaybob and Peace River Arch (PRA). The properties in its Smoky region include Kakwa... see more

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TSX:WCP - Post Discussion

Whitecap Resources Inc > Reaction to Earnings

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Post by retiredcf on Oct 31, 2021 12:04pm

Reaction to Earnings

The stock has fallen this week, but it is up 220% in the past year. Production rose 74% and earnings beat estimates. It raised its dividend two weeks ago, and has committed to more dividend increases and share buybacks. Pretty solid growth is expected next year and it continues to look good for the sector. We think $7.25 to $7.35 would be attractive as an entry point.

So said the team at 5iResearch on Friday. GLTA

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Comment by Baystboy07 on Oct 31, 2021 6:02pm

It is healthy for a stock to consolidate for a while....I would like to see some consolidation and a break out and close over $8 on heavy volume....I think that will lead us to get to $10 pretty quickly. GLTA

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Comment by itsalie on Nov 01, 2021 2:11pm

Its always the worst performing oil stock on the good days, and down the most on the bad days.. not sure why.. at least the divvy pays us to wait.

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Comment by bassfishing88 on Nov 01, 2021 3:32pm

Agree it is the worst performing stock day in and day out.Today it started with the best % positive but it could not hold and now it lags the rest of the oil/gas stocks as usual.

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