Trade Alert: WCP
Opening a position.
You have likely seen my writeup on the new Whitecap Resources (WCP), published earlier today. Between the announcement of the merger of Whitecap and Veren Inc (VRN) and the dividend cut by Armada Hoffler (AHH), it has been a very busy few days.
The market reaction to both these announcements was negative. For me the question was whet…