EARNINGS ARE COMING SOON , I believe we will still see some more chop with regards to the share price , this sector , and all sectors , but Davesnotthere is right , the market should support WCP with what actually matters . So when you turn off all the noise, and look at KPI 's .....Key preformance Indicators , and the debt leval being a next catalyst for potential dividend increases , weather they announce or not , I would think there will be a new round of positive momentum bringing us back to the $10 range minamum !!
WCP is a cash flow machine , and at year end , or 1st half next year , if WCP is debt free , at 1.2 B Discretionary Free Cash flow and a 600 M share count , that is $2 a share annually potentially for you and I , and that 1.2 B is conservative at todays oil price , the Discretionary free cash flow is after the current dividend is already paid of $0.36 annually.
So potentially a $2.36 dividend ! That is well , well , well , well over 25% based on todays share price.
FYI - Discretionary Free cash flow is $1.589 Billion at $105 WTI.
So could pay potentially $3 bucks a share with a 3 -5 % production increase annually.
A lot of could make and should make !!! it's the stock market after all .
But holy cow is there some serious good times ahead of things stay even Codie to what they are now !!
Good luck
C