Bullboard - Stock Discussion Forum Whitecap Resources Inc T.WCP

Alternate Symbol(s): SPGYF

Energy Oil & Gas E&P

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

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Whitecap Resources Inc > It's worth reading

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Post by Aprysia on Jan 20, 2023 8:11pm

It's worth reading

https://seekingalpha.com/article/4571323-whitecap-resources-higher-shareholder-distributions-very-soon

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Comment by barneyj44 on Jan 20, 2023 9:52pm

Great report, thanks for posting

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Comment by pierrelebel on Jan 21, 2023 9:28am

Michael Wiggins De Oliveira, Financial Blogger at Seeking Alpha, specializes in the Services sector and covers 269 stocks with a 43.03% success rate. I like WCP and own WCP. My target has been and remains $15.00 before the end of this year.

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Comment by barneyj44 on Jan 21, 2023 4:14pm

Pierrlebel I like your $15 price target sound very reasonable to me. I've been a Whitecap holder for many years and In days past the stock can make 8% moves in a day. Buyers are slowly stepping in.

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Comment by pierrelebel on Jan 21, 2023 4:34pm

"...Buyers are slowly stepping in" That trend will grow later this year (August/September) when the dividend is raised to $0.73 annually (26% increase). In addition some of the "free cash flow" will be used for share buyback putting more upward pressure on the share price. Finally, in the meantime shortsellers will realize thet should cover their position. That number ...more

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Whitecap Resources Inc