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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (91739)	9/24/2020 8:56:23 AM
From: Goose94	Respond to of 202704

Whitecap Resources (WCP-T) Desjardins Securities analyst Chris MacCulloch assumed coverage with a "buy" rating and $3.75 share target. Analysts on average target the shares at $3.45. Mr. Bouchard says in a note: "While we remain cautious on global oil market fundamentals, we believe that Whitecap has established itself as a key go-to name in the Canadian energy sector for investors positioning for an eventual recovery. The company has built a sustainable dividend model through a diversified portfolio of waterflood and EOR projects, which has resulted in manageable corporate decline rates." Mr. Bouchard is taking cautious view on oil in the near-term. He says: "That said, we firmly believe that the macro backdrop is ultimately setting up for a constructive environment for oil although the timing of that playing out is still likely a few years out. As a result, we are generally more constructive on gas-weighted producers in the here and now." Desjardins Securities analyst Scott Van Bolhuis was keeping his rating at "buy." The shares could then be had for $4.82 and $2.23.

To: Goose94 who wrote (91739)	11/20/2020 1:54:05 PM
From: Goose94	Read Replies (1) \| Respond to of 202704

Whitecap Resources (WCP-T) revisited 2.0 top pick from Eric Nuttall on BNN.ca Market Call Friday Nov 20th @ 1200ET Whitecap is a Canadian small cap oil producer that pays a 5.1 per cent yield, has a relatively strong balance sheet (2.1 times debt to cash flow at $50 WTI) and recently completed a highly accretive acquisition of a junior oil private producer (NAL). Trading at 5/3.5 times enterprise value to cash flow at $50/$60 WTI and at a 15/30 per cent pre-dividend free cash flow yield, Whitecap has differentiated itself by being active in M&A as well as being the only net negative emissions producer in Canada given their CO2 reinjection project. With investor interest still largely concentrated in the large caps, Whitecap has the highest likelihood of a rerate when sentiment on oil improves. At a targeted 6 times EV/CF multiple, we see 34/121 per cent upside at $50/$60 oil