Whitecap Resources Inc T.WCP

One yr from now 15 plus!!

[Owlseye1]

Plus the monthly divi. Patience is needed here. Investing is a long term game. Longs will be rewarded Grant is a large share holder himself and l have lot of fate in him and his team to steer this in the right directions. Possible double here with Patience. GLTA

[Tommy123]

This post has been removed in accordance with Community Policy

[jimgeorge]

You "negative nellies" make me laugh.  How fast did you think WCP was going to raise their divy?  A 22% increase is big for a company that wants to grow the divy carefully so they don't have to crater it if commodity prices drop.  Beware of companies like CJ with an 8% yield, the market clearly thinks their divy is risky at these levels. I think the WCP divy is safe

[Citizen13]

Exactly . When was the last time anyone got a 22% raise at work ?  I remember guys screaming for Grant to " do something"   He did something that analysts are happy about.  We all have first world problems.  Holding this for a few years at least unless there's a major black swan event . I cannot see any reason why the USA would ever go back to their old ways of

[JohnnyDoe]

I'm not negative at all Jim on the o&g industry. I redeployed elsewhere. I don't like what they have done with this acquisition. They were communicating plans to shareholders, they changed their plans, I as a shareholder sold my shares. Yes the dividend they have is safe but it's not very meaningful in the grander scheme of things even with the 22% increase. The 73 cents they

[Tommy123]

This post has been removed in accordance with Community Policy

[barneyj44]

Grant and company have said all along they would grow through M and A if the right deal presented itself. Torc, Nal, Kicking Horse and others that have slipped my memory. Last night we picked up a Big Daddy in the Montney sweet spot. I will continue to trade others in the sector but will keep Whitecap, collect the dividend , drip my shares and have some nice capital gains going forward.

[jimgeorge]

Nice to hear from you Johnny!  I agree wholeheartedly that companies need to do what they say they will do...but I have always heard WCP say they will continue to do acquisitions while increasing shareholder returns.  You can argue they overpaid for this property, or that commodity prices may fall, but I don't think you can say the deal contradicts their previous guidance.  Can

[OilyOx]

The +22% div increase was merely window dressing to protect the shareprice from double digits RED!

[JohnnyDoe]

you're right. They have mentioned potential m&a. When they mentioned that on the last Q release I commented on this board I didn't like the idea. And they've mentioned increasing shareholder returns which they did. But they've also mentioned debt targets and they just added a pile of it. It could work out very well for them but I'll watch from the sidelines.

[sclarda]

jimgeorge You "negative nellies" make me laugh.  How fast did you think WCP was going to raise their divy?  A 22% increase is big for a company that wants to grow the divy carefully so they don't have to crater it if commodity prices drop.  Beware of companies like CJ with an 8% yield, the market clearly thinks their divy is risky at these levels. I think the WCP

[jimgeorge]

All I'm saying is the market prices dividend paying companies largely on how secure their dividend seems.  WCP didn't cut their divy to zero when everything crashed in 2020, or when oil prices tanked in 2014.  CJ cut their divy to zero in 2020, they are just about to pay their first dividend in over two years.  So the market is a little skeptical, hence the share price is

[newcoin]

CJ is a small company and I wouldn't put it a long term portfolio.

[sclarda]

jimgeorge wrote All I'm saying is the market prices dividend paying companies largely on how secure their dividend seems.  WCP didn't cut their divy to zero when everything crashed in 2020, or when oil prices tanked in 2014.  CJ cut their divy to zero in 2020, they are just about to pay their first dividend in over two years.  So the market is a little skeptical, hence the

[JohnnyDoe]

the market isn't sold on the o&g industry period. All these companies should be way higher than they are. I've made a number of posts over the past month where I mentioned the sustainability of a dividend. In CJ's case, once they clean up the last little bit of debt, they'll get that dividend to about 8 cents a month sustainable in the low 50s wti. And that's really what

[pacer001]

Wow, what a genius! "A market needs sellers as well as buyers" you say.