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Bullboard - Stock Discussion Forum Whitecap Resources Inc T.WCP

Alternate Symbol(s):  SPGYF

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

TSX:WCP - Post Discussion

Whitecap Resources Inc > WCP SHARE BUY BACKS IIN CONTROL OF SP
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Post by Wildfury on Apr 21, 2022 12:59pm

WCP SHARE BUY BACKS IIN CONTROL OF SP

Something big is happening behind the scenes, Whitecaps share price is definitely being held down for share buy back repurchase purpose. This is definitely going to pop big time very soon. I have seen this movie before & its a happy ending. Patience is the word with WCP & many other energy stocks. Do your own research and due diligence, facts & data is there. WCP debt to be $800 Million or less, I say it's definitely less. Share buy-backs daily, dividends paid monthly, I love that. Increased inventory, increasing production over 2021 levels to 17%, hedging below 15% for 2022 & under 10% for 2023. I see WCP trading in the $20 plus range in 2023 , we shall see.
Comment by 1970Craig on Apr 21, 2022 2:06pm
Agreed - debt may be higher if they cancelled the max amount of shares ?  I am not doing the math right now , but it would take 250 M of the top of my head to fully use the rest of the NCIB.  Even if it's 100 M.      I wonder if there will be a surprise. Most analysts have chimed in prior , all with higher targets , this may be preliminary analysis of what they see ...more  
Comment by tollycraft on Apr 21, 2022 2:24pm
If we were the only ones down I might be concerned ,but the top ten I keep on my radar are all down except Tammarack Valley.   Anyways, too much good happening with this company.  I see a recovery tomorrow, Im not saying huge but I would be shocked if we're not back to at least $11.10.  Nothing but good things ahead for this company and its share holders. GLTA
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