I guess old habits die hard! Whitecap has been a go-to energy stock for quite awhile now so they will continue to do well, IMO.This looks a lot like one hand does not know what the other hand is doing. IE: The committee is divided
I was disappointed too. I've got some cash to redeploy over the coming weeks and WCP has gone down a few notches on my list of of stocks to buy with this announcement. I can't help noticing that it has unperformed a bit compared to it's peers over the last 18 months. Like everyone else, I'm sorting through stocks looking for the best leverage and there are going to be a few others that I will consider first this time around. They still look cheap, comparatively, but sometimes cheaper is for a reason.