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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

TSX:WCP - Post Discussion

Whitecap Resources Inc > Share buybacks
View:
Post by Olliethegoalie on Nov 16, 2023 11:27am

Share buybacks

Any news on share buybacks? If dividend is good to $50 wti, this is a great dividend rate and there should still be money fo buybacks. I spent my dividend money on buying more today. Anyone else? Thoughts?
Comment by Kylejtm on Nov 16, 2023 11:46am
Also purchased more today. These companies are churning out cash. So long as the buybacks continue the LONGS will be laughing. Buying on dips, holding on bumps, retiring early!
Comment by Onemoreboom on Nov 16, 2023 12:05pm
Sure, your divi is safe at $50 WTI. Don't let that make you feel warm and fuzzy though!. At that commodity price, your shares will be worth a $5.00-$6.00, and you will have lost a bunch.
Comment by barneyj44 on Nov 16, 2023 12:14pm
Great if the shares get to $5 or $6 I'll load my boat and watch them climb back to $11
Comment by Onemoreboom on Nov 16, 2023 12:21pm
Interesting investing thesis: Being happy if the share price crashes, when you are obviously long. ?????????????????????????
Whitecap Resources Inc
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