Whitecap Resources Inc T.WCP

Like to see

[tollycraft]

Well, at least we're holding and not going backards, oil seems to be holding at 73.00 and nothing tells me it will drop back to below 72.00  What I would really like to see is WCP and CPG merge, I think it's unlikely but I think it would make both companies stronger in the world of mergers these days.  Anyways, just thinking out loud.

GLTA

[Citizen13]

These days a buyout of that size might destroy the SP for a long time. If guys dont see share buybacks, debt reduction and the 6 cent div per month soon , they will bail.  Short sighted yes, but just the way things are going these days. I kind of agree, at some point in time an ill timed aquisition can destroy everything a company has been trying to acheive. I knew people who flipped houses

[tollycraft]

Can't really argue that Citizen.  When they made their last aquisition I wasnt totally in favour but okay with it now.  The only advantage with a mreger is no money actually changes hands so, maybe an option?  Anyways, things are going okay and the dividend is nice i will admit. GLTA

[Windsorman]

I am accumulating shares on this small dip. Bullish on oil going into driving season. Also buyimg CPG. Both are long term investments with strong fundamentals and good dividendsz. GLTA

[Arbitrage1970]

Hey Tollycraft    Your looking good with all oil companies right now. Whitecap as you know is less volatile in downturns and less upside when oil spikes.  You get that div.  Increase coming at some point.     That is your only upside here.  Whitecap is steady as she goes.  The oil price will lift it too.  Like most people say 15 bucks is reasonable

[tollycraft]

All good points.  Have been long on WCP, but all in.  I thought at one point of dividing up between CPG and WCP but just cannot get myself to do that ,but I know I should.  CPG is a solid stock however WCP, while it hasnt had much for surges like some others,, I do agree its fairly consistant.  i guess if we get to 80.00 oil like barney says, we should get a decent bump, maybe

[fishcarrier]

Tolly, I second the motion. I've been thinking of exactly the same things, and also can't bring myself to do it. Maybe slow and steady wins the race. But WCP is also a bit inconsistent. Over a week ago WCP was at 11.66 or better when oild prices were lower. I suspect we'll be making up the sortage soon. 

[fishcarrier]

I did it. I sold a whack of WCP and invested it in CPG. Glad I did. It's already climbing more than WCP. Just checked out: WCP is 67% liquids, CPG 80%. 

[jleer42]

As a general comment, the liquids to gas ratio - along with many other things - is something I would check as part of DD before I invested. If I wasn't willing or couldn't do that I would buy an ETF where someone would do it for me.

[Arbitrage1970]

That was your idea Tolley. Thanks.