Whitecap Resources Inc T.WCP

Fianancials

[tollycraft]

While I dont believe the finacials will be steller due to several factors, fires, interest rate hikes, slow China recovery, tax issues,to name a few, I certainly hope if their anywhere near the 1.3 billion target they still consider a dividend increase.  This stock needs a kick in the pants and a divi increase will no doubt be helpful to regenerate some interest in this company.  Any thoughts?

GLTA

[iMAnewBE]

I'm gonna take the chance there will be an increase. I just doubled my holding. It's a 50/50 bet.  If not, it's ok.  If not now next month for sure.  Still a solid company. 

[masfortuna]

Many O&G stocks have divies higher than wcp. At the moment, divies do not seem to impact the sp whether low or high.  All oil companies seem to be lumped into the same basket so I wouldn't expect a divy increase to bump the price up substantially.

[barneyj44]

Agree nothing seems to move Wcp higher and a dividend increase probably won’t alter anything. Trans Canada Pipleline is now yielding 7.5% and it continues to falter. Guess it’s all about debt these days and recession fears.

[masfortuna]

I bought a  load of Trans C over the last 2 weeks. If it goes below $45 I will be backing up the truck.

[barneyj44]

I bought some as well. 7% yield looked to inviting. Big debt hopefully will get fixed with some sales. Wcp nice numbers all things considered.  Divy raise next quarter?

[tollycraft]

I dont know of many small cap oil companies that woud be paying  more than.073 dividend, cetainly much bigger companies where the share cost is significantly higher I can see a bigger percentage.  Im not saying that a dividend increase is the only thing that will help the share price but I still believe an increase will generate some genuine more interest in this company.  I guess

[Citizen13]

They said theyd increase it and they better . Likely the best route from day one would have been to eliminate debt , then buy back shares , then give a dividend . But this little bit here, little bit there doesnt seem to be inspiring the market . Then again, maybe nothing will inspire the oil and gas market ever again.  Diummies following the woke Lemmings . This while GM and others are

[Davesnothere]

On the other hand, a substantial divy increase would bump up my monthly income meaningfully.