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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

Whitecap Resources Inc > This stock is obviously under attack
View:
Post by w8asec on Jan 16, 2024 11:32pm

This stock is obviously under attack

There's no reason for this magnitude of drop.... Something is up, and it's serious...

WCP has lost $1.3 B in Market Cap ,,, 20% of its value in the past 2 months, and 30% $2.2billion in the last 3 months... 

Management will need to stratagies a way to fight back, and hopefully sooner than later before this become chronic and the norm... Shorts/manipulators are like a dog on a bone... they WON'T let go.

They must be FORCED to move on to another target.

I suggest management not trust their (so called) analyst friends that call for information... stay quiet and buy back every cheap share... and I know for a fact that if management announced a suspension in the dividend to buy back shares instead... they would run for cover and we'd trade like ATH instead.

Dividends sound good but... that money leaves the company for good (like interest on a loan ) and often lowers the share price by more per year that the divvy amount paid.

Buy backs are the answer now.
Comment by Anschutz on Jan 17, 2024 9:46am
Keep the dividend and balanced approach.  Repay debt, cancel shares AND pay a dividend. The reason for this drop is directly related to the manipulation of the markets being pushed by the current US admin, investment firms and countries that are benefitting from Biden in office. There is simply no way Biden or democrats are going to win the election next fall if gas at the pumps is high and ...more  
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