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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 > Sobering policies
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Post by WINDGOD46 on Apr 28, 2022 11:05am

Sobering policies

Kudos to the company which decided not to give in to the emotions and the immediate gratification mentality pervasive in today's world. Management must make decisions based on fundamentals short and long term and does not have to follow the mood of the mob whose main aim is when to buy its next cadilac. Regardless of the market gyrations, management must not lose focus of its sound policies it has followed so far and secure a prosperous future of the company and its patient shareholders. Debt reduction, in the face of interest rate increases, should be top priority.
Comment by whognu1 on Apr 28, 2022 11:09am
agree 100% mgmt + FCF + $85 + oil = higher prices just maybe not today...........added to position earlier today good luck
Comment by JohnnyDoe on Apr 28, 2022 12:22pm
I don't have a real issue with the release today. I agree with debt reduction. I think the stock is down because oil is higher than expected and they didn't address how they will manage their unanticipated fcf. They should have. They acknowledged that market conditions improved "dramatically" without addressing how that might impact shareholder returns rolling forward. That was a ...more  
Comment by jleer42 on Apr 28, 2022 1:29pm
They are sticking with their shareholder return plan, but they could have reiterated it. CVE raised expectations. If you remove the impairment reversal EPS is around $0.15 See where everything shakes out over the next week or so.
Comment by NonCredibleSrc on Apr 28, 2022 1:56pm
Maybe I am confused... CVE did triple thier dividend yesterday.  WCP upped their by 33% a month or so back. SURE! I would have liked to have another up of the divvy - but if anyone is getting shaken up about it not going up and tries to compare WCP to CVE or almost any other player in OG, I will remind them to go check the overall yield. CVE now pays $0.42 per year on their shares which ...more  
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