Whitecap Resources Inc T.WCP

Insider Buying

[retiredcf]

Wednesday’s Insider Report:
CEO is buying this stock yielding 7% that’s up 13% in 2024

Whitecap Resources Inc. 

On July 5, president and chief executive officer Grant Fagerheim bought 10,000 shares at a price per share of $10.19, increasing the holdings in this specific account to 2,979,574 shares. The cost of this purchase exceeded $101,000.

The company pays its shareholders a monthly dividend of 6.08 cents per share, equating to a current annualized dividend yield of over 7 per cent.

Year-to-date, the share price is up 12.5 per cent.

According to data from Refinitiv Eikon, the stock has 12 buy recommendations and two neutral recommendations by analysts. The average target price is $13.71, suggesting there is potentially 37 per cent upside over the next year.

[baranja]

I we had normal stock market, WCP would be the stock flying up to $20's and $30s.

[baranja]

If we had.........

[DivChase]

Yeah!   This stock is depressing POS.  

[barneyj44]

Doesn't help that whenever Nuttall makes a Bnn appearance he infers Grant is on the hunt for another purchase.

[DivChase]

It looks like all nuts  is correct for a change.  Banking 300mil from the recent sale can mean only one thing.  Acquisition coming soon. 

[Olliethegoalie]

If Grant can make a tuck in acquisition, he and his team know will increase earnings per share., they have my support. Grant has a great past record.

[traderbri]

 Acquisition coming soon?? Another acquistion and I'm totally out of this stock. Cheers

[baranja]

He is the one spreading the rumours. since get go, he is pushing that aquisition stories. Anyway,.. aquisition can be good or can be bad.  CPG did one and he was bulish anyway.  Grant will have buyback ready if that happens.

[DivChase]

The Grant could have put this rumour to rest a long long time ago but choses not to.   It's because it's true.  He is seeking acquisitions.   He wants to be bigger company than VRN. His ego will depress this stock for another year.