Whitecap Resources Inc T.WCP

June 15th Dividend

[pierrelebel]

Several posters here have indicated a wish for another increase in the monthly dividend.

It will come, eventually.

So far, we had two payments at the higher monthly rate of $0.03 per share (April 18th and May 16th).

I expect the June 15th and July 15th to remain at $0.03 with a possible increase to $0.04 or $0.05 for the August 15th distribution.

Patience.

[luckyturtle]

Do you own a lot of shares?  What's a good dividend yield?  

[pierrelebel]

luckyturtle asked "Do you own a lot of shares?" Yes. My wife and I own thousands of shares in WCP as part of a well diversified portfolio "What's a good dividend yield?  " A growing yield - based on increased profits and cash flow - is more appealing to me that a just a "high" rate. Looking in the rearview mirror, WSP increased their monthly dividends in

[baranja]

Buyback is what's the best here, .. Divy is fine,.. but I am looking for agresive share buybacks. 10% buyback, would do 10% price move just by mathematical lows,.. much better than 3+ % divy.  Squezee those shorts now

[goldens]

They have stated that they prefer to do block purchases but the NCIB only allows 1 block purchase in the 12 month period. They left have the available of last years NCIB so I'm not holding my breath that the NCIB will really do anything other than let a big player out (which I guess prevents an iceberg order holding back gains).

[NonCredibleSrc]

Whitecap may make one block purchase per calendar week which exceeds such daily repurchase restrictions.

[goldens]

Mis-read that the first time. That is better. Still would prefer they don't leave so much on the table.