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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

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Post by iMAnewBE on Jul 26, 2023 4:59pm

Report

It seems they aren't doing a div increase.  Maybe a separate press release tomorrow??!   


what do you all think?  Good report

Comment by baranja on Jul 26, 2023 6:25pm
I personaly don't care for divvy increase. Current Divvy is just fine and with steady and slow Share price growth, and I am happy about that.  I woud rather have them continue paying back their debt instead
Comment by tollycraft on Jul 26, 2023 6:49pm
I don't agree.  The companys at 1.36 million and wont do a dividend increase, thats BS!  Investors are the ones with their a..ss hanging out here, we have seen in the past what can happen with oil with a stupid decision by a President, Prime Minister or any number of politicians, your investment could hit the floor. I personaly want to get paid, we were told once we woud get paid ...more  
Comment by tylerreddick on Jul 26, 2023 10:03pm
The dividend increase certainly isn't guaranteed. A lot can happen to make them change their minds.
Comment by Seppelt on Jul 26, 2023 6:54pm
Net debt of 1.36 billion is just short of the 1.30 billion target that would trigger the dividend increase. I like it that way and believe that the market wouldn't approve a dividend increase in a quarter affected by wildfires and low oil prices. Looking forward to much better H2 and will take an advantage of any buying opportunities.
Comment by Canoutchie on Jul 27, 2023 12:57am
Yes, pay back the debt, for crying out loud! What's with all the yammering about the dividend not increasing? Seriously, the current dividend is sufficient.  Anyone who complains about a company that forgoes a dividend increase in order to pay down needs to be tied down and forced to listen to the story of Anthony Marino, Vermillion and what happens to companies that foolishly manage ...more  
Comment by Canoutchie on Jul 27, 2023 1:01am
Should have said "forgoes a dividend increase to pay down debt... "
Comment by tollycraft on Jul 27, 2023 7:30am
Yup, typical individual who prefers you use insults while making their point.  I guess you think this makes you more investment savy.  Well said. GLTA
Comment by baranja on Jul 27, 2023 9:37am
excelent results. No need for divvy. Take a look at GXE. those clows kept 11% divvy, and now dont' have any money to pay for it. morons. WCP is excelent company, The best.
Comment by tollycraft on Jul 27, 2023 10:02am
Coming from you, I get it.  GLTA
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