TSE:WCP

Whitecap Resources (WCP.TO)

16.89
-0.03 (0.18%)
as of Aug 13, 2026, 8:00:00 pm Market Open.
993 watching
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Investor Insights
star iconAug 13, 2026, 12:00 am

This summary was created by AI, based on 41 opinions in the last 12 months.

Whitecap Resources (WCP) has garnered significant attention from experts due to its solid management, strong operational performance, and consistent dividend payments. Many analysts believe that WCP is undervalued compared to peers, highlighting its impressive inventory and cash flow multiples. The company's recent merger with Veren has increased its market significance, leading to enhanced production and growth prospects. While some experts express caution regarding future oil prices, sentiment remains largely positive, with expectations for substantial upside potential in the medium to long term. Overall, WCP is viewed as a reliable investment with strong underlying fundamentals and attractive yield potential.

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Consensus
Buy
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Valuation
Undervalued
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COMMENT
Dividend sustainable? Normally a high yield like this is a red flag. The company has cut back on capex recognizing that replacing production is the goal. He feels the dividend should be sustainable. Eventually these holdings will thrive again. The caveat being the need to avoid a major global recession. Yield 10%
BUY
He has sold his oil stocks down to below 4% of his portfolio. This is one of them. WCP today announced it will slash its development capex by $50 million down to $400 million. A solid balance sheet of 1.4x debt to EBITDA. Pays a 9% dividend and has very good prospects. A safe dividend. It's one of his few oil stocks, but the whole oil space is under fire.
BUY ON WEAKNESS
Q2 will be slightly lower than Q1. Tremendous buy under $4. Likes the company, management, and assets. Payout ratio is sustainable. Dividend is very secure. Yield is 8.1%.
BUY
WCP is trading at a high 18% free cash flow. He's advocated to the CEO to do share buybacks. They check off all the boxes. They pay a healthy, sustainable yield of 8%. He likes it and owns a fair bit. In Calgary, oil companies are widely talking about what to do with their free cash flow, perhaps buyback shares.
HOLD
A darling four years ago, that is oil weighted. The took criticism for the last few acquisitions. He still considers it a core holding and sees a 5% growth outlook along with a 5% yield.
BUY
He loves it. 84% liquids and trading at a significant discount to book. 8% dividend paid monthly. His target is $7 in 12 months. By the time we get to next winter we could get above $76 for oil. Oil-based companies should be able to raise their dividends. He would take advantage of this one and own it.
BUY
One of the few Canadian companies he likes. Because they don't produce in Canada, they benefit from higher Brent prices. Differential is getting even wider.
PAST TOP PICK
(A Top Pick Dec 17/18, Up 16%) During the third week of April this was trading towards $6. Yield is about 7% right now.
HOLD
He thinks $62 WTI may be pretty balanced here. Whitecap raised their dividend. He thinks they have run a tight ship and they are generating good cash flow.
HOLD
In the long run he admires their management and assets. He would hold this long term and current valuation is competitive in the peer space. He does not own it today. Yield 6.3%.
COMMENT
Is the dividend safe? The dividend is safe, unless oil prices plunge and stay below $50. All oil stocks are beaten down. He doesn't like their asset base or well-abandonment liability (wells they leave behind) that may or may not hurt them decades in the future depending on the government. That said, companies like WCP use their wells for a long time and re-purpose them. You could wait it out and collect the 5.9% dividend though.
BUY
About a 5.6% dividend yield, and they want to follow the dividend model. 84% oil. Sees them having growth in production this year. Really likes it. Target of $8 in 12 months. Prefers Whitecap to Crescent Point.
BUY
Likes it. This and CPG-T are his entry points into the oil sector. He has $8 target and it pays a 6.9% yield. This is a great opportunity at a fine valuation. You can start enter oil using this, but be cautious that we need to see massive rises in international oil for Canadian oil companies to benefit.
WAIT
A mid-sized, growth oil producer. Last year, like so many, suffered from the WCS differential. But Alberta's oil production limits and increase in shipping by rail, WCP has benefitted. It's not cheap historically and a good operator. If you think he differentials will stay narrow, this is a quality way to play it. He doesn't think the differential will remain this narrow, though. So, he's waiting it to see more clarity in Canadian pipelines.
BUY ON WEAKNESS
He has an $8 target on it. The dividend is a monthly 6.8% dividend yield that is attractive. They have 85% oil and 15% natural gas. The dividend payout is pretty low. They may raise the dividend again. The balance sheet is in good shape with 32% debt. If it backs off it is a tremendous buy.
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