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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 > Back under
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Post by DivChase on Jul 23, 2024 11:18am

Back under

10$ she goes.  Doesn't perform green yesterday like almost every other, then down like the rest on red days.  Seems to happen a lot with this stock.  I was hoping 11$ was a reasonable target to unload my remaining shares.  Looks like 11$ isn't gonna happen either.  This stock is really depressing.  After 10 years in this stock seems like 10$ is all it's worth.
Comment by barneyj44 on Jul 23, 2024 12:17pm
Underwhelming is the only adjective I can think of lately. I'll enjoy the monthly dividend checks but have lost faith in any half decent capital appreciation. It doesn't help matters that Nuttall keeps telling the Bnn audience that Fagerheim is looking for another tuck in.  
Comment by Readytojump on Jul 23, 2024 12:50pm
Nuttall and his YELLOW BRICK ROADS. I quit listening to NUTJOB years ago !! WCP Insiders have been steadly buying since April.....  I still have all the faith I need to be fully invested in this well managed company,,,,time will tell
Comment by DivChase on Jul 23, 2024 2:25pm
Nobody needs AllNutts to realize they are planning aquisition(s).   Instead of immediately paying down debt with 300mil left over from recent sales, it's painfully obvious it was banked in preparation for a deal.  
Comment by tollycraft on Jul 23, 2024 3:58pm
I like the dividend also, but the stock depreciation is brutal!   It's getting to the point where the dividend doesn't mean a whole lot.  It wasn't that long ago when we were told "we need to pay the shareholders first". I hope they don't continue to ignore that.   GLTA Tolly
Comment by DivChase on Jul 23, 2024 4:07pm
Seriously this stock is plainly in the dog house with big investors.   Just because "insiders" are buying doesn't mean sheets.   Just means they are as stupid as I was.  "Hey but wait, be patient you might be rewarded this year or maybe next year".  OR NEVER pretty much every stock has surpassed this dog YTD.  Just waiting on VET now. 
Comment by Readytojump on Jul 24, 2024 8:50am
your comments are as refreshing as the breeze from a cattle feedlot in 100 degrees heat !!! If your so discussed with WCP ,,,, sell, lick your wounds and move on !!! It's plan to see what your up to !!
Comment by DivChase on Jul 24, 2024 10:06am
Oh I already sold 90% of this POS months ago.  Wife controls the RDSP that holds 200grand.   I've finally convinced her to sell but at 11.   This garbage was 10$ 10 years ago and looks like it will be 10$ for another 10 years.  I would love to move from this laggard I was stupid enough to HOLD almost a decade.  The people who say "be patient, you will be rewarded ...more  
Comment by DivChase on Jul 24, 2024 11:00am
I switched 90% of WCP to SU mid April.   8% better off there (so far only 3 months ).   If the grant just comes out and promises no more takeovers for a good period like 2 years (NO increased debt) I'll return all my funds that I recently moved to SU.  but of course he won't say that because something is obviously in the works.  I'm but one example.  I'm ...more  
Comment by Readytojump on Jul 24, 2024 11:10am
MAYBE TRY CJ    Better yet  @ 10.30% this morning if that turns your crank !!
Comment by Readytojump on Jul 24, 2024 11:07am
Well I guess all was not lost ..... you managed to recoup some of your losses over the last 10 years with a healthy dividend you faill to mention ... WCP is @ 7.29% this morning not too shabby IMO. Have a good one !!!!!
Comment by DivChase on Jul 24, 2024 11:37am
Sure.  Also be sure to subtract the inflation factor especially this last 2 years.  Result.  Little to no return on this "well managed" company even with the dividend. Very well managed to in crease debt every couple years like clockwork.  He's overdue to do it again.  
Comment by traderbri on Jul 24, 2024 12:14pm
It's a well run company and the dividend is good, but investors are afraid of Grant announcing another purchase. He needs to give a solid outline on what his intentions are for the future. I'm afraid his ego will put WCP deeper into debt and the stock will flop around like a stranded fish for ever. Just no direction with this stock. Cheers