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


To: Goose94 who wrote (100014)2/22/2021 6:29:32 PM
From: Goose94Read Replies (1) | Respond to of 202704
 
Whitecap Resources (WCP-T) new 52 week high, $5.56



To: Goose94 who wrote (100014)5/28/2021 2:13:07 PM
From: Goose94Read Replies (1) | Respond to of 202704
 
Whitecap Resources (WCP-T) revisited 4.0 top pick from Eric Nuttall on BNN.ca Market Call Friday May 28th @ 1200ET

Whitecap is a net negative emissions emitter that has successfully emerged from the 2020 bloodbath as a stronger entity given the successful acquisitions of several companies at compelling valuations. Trading at 2.7x EV/CF at $70WTI in 2022 and a 29 per cent free cash flow yield I see them being able to meaningfully increase their dividend (3.5 per cent current yield) while modestly growing production and lowering debt (<1X D/CF). With a market cap of $2.7B it is relevant to most generalists and is a no-brainer midcap pick for new money entering the space. Using US$70WTI and a 6x target multiple I see the potential for 110 per cent upside.