Canada markets close in 3 hours 2 minutes

Whitecap Resources Inc. (WCP.TO)

Toronto - Toronto Real Time Price. Currency in CAD
Add to watchlist
9.02+0.08 (+0.89%)
As of 12:57PM EDT. Market open.
Sign in to post a message.
  • s
    scoffer1210
    I own a bit of this. The bulk of my sector holding is BTE. WCP bucked the sector trend of stacking up FCF and recovering from the tough years prior to the WTI crash in March '20. I am not sure if I agree with it, but I am confident the decision makers and analysts did the due diligence in what needed to be done before pulling the trigger. After all, I will not presume to be smarter. Willing to hang on and see how it plays out, as WCP appears to be the lone flyer with respect to executing CAPEX at this time. High risk usually means high reward...fingers crossed.
  • L
    Lee
    Buy ….. WCP is outperform stock.
  • j
    jean
    Constant dividend growth. That's what I'm searching for. More exposure to natural gaz. I want that to. By the end of the year will see a huge gap up in the valuation of Wcp and probably a another dividend increase. Enjoy the ride for a couple of years...
  • P
    PMACADELPHIA
    Exxon Mobil and Canadian partner Imperial Oil said on Tuesday they would sell their Montney and Duvernay assets in Canada to Whitecap Resources for $1.9 billion.

    Meanwhile, National Bank raised the price target on Whitecap to $22.00 from $20.00.
  • W
    Wong
    This is AN INCREDIBLE OPPORTUNITY ! CIBC wrote a note to clients, and they estimate the LOWEST share price for WCP to be about $ 8.50 in the next year, even if oil prices fall sharply. Their high estimate is over $ 20 per share with $ 16 being their estimate at current WTI prices.
    My take is that WCP is going to become a major in the next few years !! People will look back and be kicking themselves for not buying in at the current price.
  • T
    Travis
    I will be backing up the truck with any pullbacks to the stock price.
    When people realize the global shortage of oil reserves, it will be too late to invest at these prices
  • g
    glen randy
    Warren Buffet's continued buying of Occidental shares is a strong indicator of where he thinks oil prices are going in the next few years. "Be greedy when others are fearful"...... (Mr. Buffet)
  • W
    W
    well, they passed on the opportunity to double the dividend and increase ncib at q2 and instead levered up with new debt to access more drilling inventory. so potentially higher returns in future provided prices stay high... but 2023 fcf now looks % lower than many safer alternatives. still holding but will likely swap out once the first selling is over and price recovers a bit
  • O
    OdesseaClipton
    Future blue chip stock we have here
  • P
    PMACADELPHIA
    Oil down $1.00 yesterday, oil stocks down $9-10%. Oil up $4.00 today stocks up 5%. Can't make any sense of the day to day swings here. Buy when they're cheap and hold long term makes sense to me. I just keep accumulating when i have capital. I believe the oil run is still years in the making.
  • g
    glen randy
    WOW Whitecap is purchasing assets in Alberta from Imperial and Exxon which will boost their annual earnings and profit so much that their news release states they plan to INCREASE THE ANNUAL DIVIDEND TO SEVENTY THREE CENTS within 3 years !! I have traded WCP for years and would see $ 15 CDN as the low end of their share price within 3 years. This is based on only $ 85 WTI avg.
  • j
    jean
    Oil at 105$ and still red? Well nice time to buy at the end of the selloff. Buffet is still buying more and more of Occidental petroleum. Us governments are offering free taxes helping demand to stay strong, summertime is about to begin, destruction of the demand isn't for now, and nothing has change about the oil offer.
  • T
    The
    One last comment. Eric Nuttal, 9 point partners, the guy is a genius with oil and gas. Has made many very accurate calls in the past year. In the past day or so on Bloomberg HE SAYS OIL IS NOT GOING DOWN when the Russia / Ukraine conflict ends..... at least, not much. You can still see his interview at the BNN website. Worth a look.
  • M
    Marc
    i just added more. I like the deal!
  • a
    arty
    Divi bump now at 22%
    New deal has a two year payout at $80/85.
    Adds long term drilling locations
    75% cash back coming as dividends after future debt targets reached
    Indicates new dividend increases along the way

    Expect a stock drop from sellers who dont see the big picture, then a steady move up over the next few weeks

    Be ready to add today on any dips
  • P
    PMACADELPHIA
    Great deal for whitecap - All cash Deal + dividend increase. It's like Christmas.
  • M
    Marc
    Adding here? What do we think?
  • B
    BA100
    Dear WCP fellas: I have to say, I am very disappointed with WhiteCap’s notice of acquiring more oil and gas assets for a tune of almost $2b. What a costly move for WCP shareholders! This is a once in a generation “gold rush” for oil and the name of the game should be shareholder returns and not increasing footprint or “empire building”. I would have preferred more share buybacks and or a good bump to WCP dividends for meaningful shareholder returns, especially those of us who endured the tough 2020 pandemic share depression. I really really hope the management teams of my other holdings (BTE, ATH) will be smarter and stick to their disciple, promise and avoid acquisition temptations.

    Interestingly, the press release of Exxon said they’re selling their assets to WCP in order to enhance their own shareholders’ benefit by bringing XOM’s debt down. So, we WCP get to pay the debt of XOM shareholders. Plus, when WCP first put in the bid in January their cost would have been $1b but with WTI going up, now they had to pay almost double. So you see the ire.

    Some here may like this acquisition. Not me. I will wait for a dead cat bounce and then dump all my WCP and plow them into more BTE and ATH shares. Good luck to all.
  • L
    Lee
    Buying opportunity for the future now is a time to get in oil prices will continue to rise until the war is end. There is still room to run. WCP is outperform stock in the market.
  • a
    arty
    Looks like a p/e of 2 after Q2 release. Average oil $105.

    I hope they hammered on the buybacks. Because the share price took a 40% haircut.

    They have been in savings mode since the 10m shares they bought as a lump. Only 1.1M share bought since.

    Year is half done. 107m set aside for dividends at current rates. Only 411m left to give back in the same upcoming 6 months. How much will be buybacks and how much is dividends? 4 x the amount of dividends yet to come our way.