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


To: Goose94 who wrote (99836)12/11/2020 2:02:20 PM
From: Goose94Read Replies (1) | Respond to of 202704
 
Whitecap Resources (WCP-T) revisited 3.0 top pick from Eric Nuttall on BNN.ca Market Call Friday Dec 11th @ 1200ET

With their acquisitions of NAL Resources and TORC, Whitecap has become the “must-own” midcap oil stock in Canada and is my fund’s largest holding. While the stock now trades at a premium to the group (5.6/4 times at $50/$60 proforma), they are in the clear position to be the consolidator of choice moving forward. With a free cashflow yield of 13/25 per cent ($50/$60), I still think the stock is a double from current levels in the 2H/21 when oil approaches $60.