Whitecap Resources Inc T.WCP

WCP down again?

[Wildfury]

What's happening with WCP? Constantly down, pays a decent dividend, great management team, great production numbers, debt to hit $800 by next quarter, record earnings and constantly underperforming. Birchcliff, Cardinal, Meg, CVE, even Athabasca are outperform it, very puzzled by the activity, makes no sense. Any thoughts on why besides the float size?

[filefish]

Been wondering about this myself as its been going on for a while. Possibilities 1. uncertainty about the profitability of their CCUS business and future potential capex requirements. 2  CPP selling off more  of their WCP holdings  3 Amount of shares outstanding and NCIB $ investment (potentially $580mil over 12 months to reduce the share count by only 10% ( as you noted)  4

[RusticHit]

Very frustrating  to watch everu oil stock up 2-5% and this is down  i think soon Cj would surpass the price of  wcp ,market not liking wcp any more ,,,,,,,,,not good for holders 

[Wildfury]

Agreed, it's time to move on from Whitecap. Oil keeps climbing and this stock drops, I see it, you see it, the street sees it. We're here to make money not because of we're in love with it. Oil prices will not be this high forever and time is ticking away, 600 plus million outstanding shares will take years to come down, same thing with Baytex energy, to many shares, no dividend, debt

[buylow]

Too many shares for acquisitions, debt not bad, but market wary of more acquisitions. More debt payment, reduce shares asap. It's not the only company struggling with the past. Would have rather seen more debt payment instead of a divi increase. Be debt free, reduce the float. Until then, it won't pop.

[Olliethegoalie]

Patience is my plan for this stock. I have not seen many bad moves in my opinion. The cash flow in Q2 should be fantastic. From what I have heard, (someone could correct me if wrong) there was only 1 month last quarter that oil was over $90, We are half way through this quarter and I think we have been over $100 most of the time. Good Luck to all...

[newcoin]

I'm holding until next financials. This is a great long term hold. WCP will go up! It's just a matter of how much? I'm happy that I've got a guaranteed up!

[traderbri]

I totally agree, I'm of the same opinion, float is way to high and it scares me that Grant will come out with another acquistion which will unsettle investors.   Some form of consolidation or a reverse split would help.  A reverse split is not only for penny stocks. Cheers

[RusticHit]

some thing is there that is holding this down today only O&G stock in red ,,,,crazy 

[RusticHit]

Even my little Kei is up 20 % 

[traderbri]

Even my little Kei is up 20 %  They did a reverse split. Cheers

[RusticHit]

Down again with Oil up o&g index Up CJ catching up fast to wcp WTf,,,,,,,crazy ,,,,,as aways  why i bough tthis Dog