Whitecap Resources Inc T.WCP

Dividends ?

[traderbri]

Down to what WTI price can WCP maintain the current dividend without a cut.
Lost so much capital now I cant afford a div cut which would be negative for the stock.
Cheers

[barneyj44]

Grant has stated in the past that the dividend is covered down to $50 oil. We still have a lot of runway left. 

[Realdude]

Grant also can't contain himself because he keeps buying more oil with your dividend payments. He is out of control that's why wcp will underperform in 2024.

[barneyj44]

It's not just Fagerheim and Whitecap that are addicted to the buy. Crescent Point. Baytex,  Tamarack Valley,  all on the buying binge. I just wish one of the companies I hold would get taken out. Seems  I'm always on the team that's buying someone else. We still have to many small players here in Canada. 

[Anschutz]

While a takeout would be exciting, I'm fine with holding, while they continue to pay/raise the dividend and buyback shares.  For me, WCP is a cash machine spinning out profits I can either redirect into WCP or elsewhere.  If the country can get rid of Trudeau, I think we could see the sector rally hard.  Therefore I'm happy to hold majority of my WCP while trading in/out

[barneyj44]

I'm happy either way, that's why I prefer dividend payers and companies that pay down debt over share buybacks. 

[Citizen13]

Never take any of their word seriously . They dont need to see $ 50 oil to cut dividends  . When the yield exceeds 10% they get antsy and start pulling the plug. I've been through this many times and their word about dividends is verbal diarrhea .  Not saying we will get there though , unless Saudi flushes the toilet again.  l doubt they will  as there are now massive