Whitecap Resources (WCP.TO)

Population growth Canada does affect energy stocks too much. Global demand more important for energy prices. China weakness in real estate a concern. Potential for recession also a concern. Expecting $70-$90 price going forward. Does not own shares in company. Hard to predict future of company. 

~7% ownership in fund.
High quality oil assets.
Recent entered into Montney oil field.
Long reserve life (PDP). 
Experienced management team.
Dividend yield is safe.
Expecting a $16 share price going forward.

Likes the generosity toward shareholders, balance sheet tightening, and sustaining capital to support the dividend. "In the choice between yield and growth, why not choose both?" 

Expects a dividend increase next quarter. Yield is 5.4%, should go up to 7-ish%, hugely sustainable. Good exposure to oil. They could go 8 years without drilling, much longer than the average. Trades at 3.6x $80 oil. Still good upside.

Owns shares of company.
Very strong intermediate energy company.
Recent weakness of share price - good time to buy. 
Good assets with excellent earning potential.
Strong management team. 

Good company for long term shareholders.
Excellent dividend (~6%) and stable assets.
Fundamentals of company strong.
High quality management.
Bullish on Canadian energy.

We like the valuation and growth profile. At 7X earnings it is a bit pricier than some, but we think it is one of the better names. Results will likely decline this year with pricing. We would be comfortable at $9.50.
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Unsure on safety of dividend. 
Bullish on E&P energy companies.
Current share price presenting good buying opportunity. 

Promised no M&A this year, but focusing on rewarding shareholders. Expects them to hit final debt target by end of this year, where dividend will increase by 28% to almost 8%. Will still have residual free cashflow left, so he's hoping for meaningful share buybacks. Minimum inventory depth of 20 years. Good leverage to increased oil price. Yield is 6.19%.

Whole group is undervalued. Likes mix of gas and oil and last year's deal. Committed to increasing return of capital and dividend yield up close to 7% by Q3. Nice cashflow. Production should grow 3-5% per year and still have cash leftover at current commodity prices. Earnings report today was nothing special.

Acquisition binge. Expected to hit debt target by July. Guided to seeing a dividend increase, up to around 7%. Durability on dividend is down to $50 USD a barrel. Debt managed well. M&A is done, now it's about harvesting free cashflow. 

Pretty well managed. Consistently grows cashflow over time. Pretty favourable on it, though a bit expensive now. He owns other names that he's comfortable with.

Owns shares in the company. 
Projecting a $22 share price given $80-$100 oil.
PDP reserves at 6 years.
Highly discounted at current share price.
75% free cash flow committed in Q2.
Believes company will raise dividends.
Also expecting large share buybacks.