Whitecap Resources Inc T.WCP

Oil not going anywhere

[tollycraft]

I am looking for a comeback this week on all oil stocks.  I see WCP at close to $10.00 by the end of the week. The dividend WCP is offering up now and in the future will continue to attract investors.  Yes we have inherited a substancial amount of debt but lets face it, is this new for any oil company??  The biggest majority ,if not all, have been running debt for how many years now.  Look at where all companys were in 2020.  If that didnt scare the beejeezes out of ya nothing will.  Oil is back, yes it 's had its bad weeks and as far as where I sit this is just ine of them, even if it is several of them.  Supply will continue to be low, demand will continue to be high and regardless of what happens in Ukrain it won't change that.  My heart goes out to those people of course, and I do wish them the best. We need to sit tight now and watch this week get better as it will.

GLTA

[1970Craig]

Well said Tolley ,  the yield at the price we closed on Friday with the new divvy amount taken into consideration for July is 4.926 % I would accumulate more if I had any bullits , I still haven't given my full opinion on this purchase , witch I think for the company as a whole was good , and not so good for all ( some ) of  the owners , who are the shareholders , in that we all had

[tollycraft]

Thanks craig.  Days like this still pisses though.  Here we are the only one of my 10 stocks on my radar (I dont own any of them CPG, TVE, NVA Crew Energy, BTE ,ATH, CJ, GXE, PIPE) that is in the red!   CPG up .40 cents we're down .2 cents for no goog reason other than most dont like the deal.  Whats your thoughts on whats happening

[JohnnyDoe]

not liking the deal is a good reason isn't it? at the end of the day whether the deal is good, bad or indifferent, I didn't like cranking up the debt. I didn't see that coming and felt I'm better off trusting what's being communicated to me by mgmt elsewhere

[Re1ndeer2]

Adding debt/ Hedges are not good at all.....Grant is a Gambler......, 

[Re1ndeer2]

CP STOCK NEWS HEADLINES   JULY 3, 2022 | AMERICANBANKINGNEWS.COM Whitecap Resources Inc. (TSE:WCP) Director Acquires C$91,200.00 in Stock   JULY 3, 2022 | AMERICANBANKINGNEWS.COM Haywood Securities Boosts Whitecap Resources (TSE:WCP) Price Target to C$18.00   JULY 2, 2022 | AMERICANBANKINGNEWS.COM Whitecap Resources (TSE:WCP) PT Raised to C$16.00   JULY 2,

[jeffpei]

Agree, but that's why I diversify into 8 others in the industry... Patience is required for this one, but oil prices should remain elevated for a long time...so this will pay off...

[tollycraft]

Agreed Jeffpei.  Good luck, wish I was more diversified but all my eggs in this basket for no other reason other than I once owned some of the others but worked my way up to WCP as far as a stock with solid value ( I know, eggs in one basket is not good but at this point if I sold it woud be a loss )but dont have any more cash to move around. GLTA

[HooverDam]

All valid points, but....this thing is dead money for a while.  There may be a bump now and then, but is going down, down, down.  They lied to investors, plain and simple.  We can put our money elsewhere and get a bigger dividend, or a share price which isn;t in freefall.

[jeffpei]

funny how, we convince ourselves that the world is ending!