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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 > Acquisition
View:
Post by Playacar on Jul 01, 2022 6:23pm

Acquisition

Being a senior and living off my investments I'm very disappoint.  All long WCP keep saying that their objective was to reduce bank debt and increase shareholder dividends.  Now they have added 1.8 billion in debt.  I don't want to wait another 18 months.  Also what happens if oil takes a nose dive and it's back to 50 dollars.  I will be selling all of my shares and increasing my holding in cardinal.   Looks like you can't trust WCP management.  Don't understand this deal at all.  Very little upside and lots of risk.
Comment by newcoin on Jul 02, 2022 1:40am
How old are you? Can't you wait nine or 12 months to be deep in the green? If you're gonna die tomorrow fine otherwise just relax.