Whitecap Resources

WCP-T

Analysis and Opinions about WCP-T

Signal
Opinion
Expert
BUY
BUY
May 20, 2020
He owns this one. It is up 16% today on a lack of sellers. They cut the dividend to a yield that is still 7-8%. Volumes will likely drop off in Q2, but are expected to spend more in Q4, depending on how the market reacts. The balance sheet is in good shape with $1.2 billion in debt. His rating is "A".
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He owns this one. It is up 16% today on a lack of sellers. They cut the dividend to a yield that is still 7-8%. Volumes will likely drop off in Q2, but are expected to spend more in Q4, depending on how the market reacts. The balance sheet is in good shape with $1.2 billion in debt. His rating is "A".
BUY
BUY
May 15, 2020
A high quality way to play a bullish oil play. Q2 earnings are going to be bad, but it depends on what the balance of the year and 2021 holds. They have a modest decline rate, which reduces the capex required. He thinks the dividend is sustainable around $35 oil prices. He was buying it yesterday. Yield 9.5%
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A high quality way to play a bullish oil play. Q2 earnings are going to be bad, but it depends on what the balance of the year and 2021 holds. They have a modest decline rate, which reduces the capex required. He thinks the dividend is sustainable around $35 oil prices. He was buying it yesterday. Yield 9.5%
SELL
SELL
April 9, 2020
He would consider selling it as it is not profitable at current oil prices. It is not as heavily indebted as others but owning a non-integrated is a wing and a prayer on a bail out by the Alberta government.
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He would consider selling it as it is not profitable at current oil prices. It is not as heavily indebted as others but owning a non-integrated is a wing and a prayer on a bail out by the Alberta government.
TOP PICK
TOP PICK
March 24, 2020
It's his oil play. It's trading at half its cash flow. They announced a spending cut and halved their dividend recently. They are paying down debt, but still serving that dividend. He's been adding to his position recently. This will definitely survive.
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It's his oil play. It's trading at half its cash flow. They announced a spending cut and halved their dividend recently. They are paying down debt, but still serving that dividend. He's been adding to his position recently. This will definitely survive.
HOLD
HOLD
March 4, 2020
Dividend safe? He thinks the dividend is safe as long as oil prices are above $40. He does not own this one. Their problem is how do they attract the capital to make them grow? He could see a scenario where US shale production is capped and money returns back to Canada for investment by international investors.
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Dividend safe? He thinks the dividend is safe as long as oil prices are above $40. He does not own this one. Their problem is how do they attract the capital to make them grow? He could see a scenario where US shale production is capped and money returns back to Canada for investment by international investors.
COMMENT
COMMENT
February 12, 2020

TOG vs ARX vs WCP? He favours TOG and WCP over ARX presently. TOG has a 7.7% yield and trades only at 6% above the blow down value of their existing wells and has a strong balance sheet.

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Whitecap Resources (WCP-T)
February 12, 2020

TOG vs ARX vs WCP? He favours TOG and WCP over ARX presently. TOG has a 7.7% yield and trades only at 6% above the blow down value of their existing wells and has a strong balance sheet.

BUY
BUY
January 24, 2020
He owns this one. The company has 84% liquids and producing over 68,000 boed. He has a target price of over $7.00. A very attractive buy. Yield 6.8%
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Whitecap Resources (WCP-T)
January 24, 2020
He owns this one. The company has 84% liquids and producing over 68,000 boed. He has a target price of over $7.00. A very attractive buy. Yield 6.8%
TOP PICK
TOP PICK
January 17, 2020
A high quality mid to small-large energy producer. Trades below book value and at 9 times cash flow. A reasonable pick in the energy space. Yield 6.51% (Analysts’ price target is $6.97)
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Whitecap Resources (WCP-T)
January 17, 2020
A high quality mid to small-large energy producer. Trades below book value and at 9 times cash flow. A reasonable pick in the energy space. Yield 6.51% (Analysts’ price target is $6.97)
BUY WEAKNESS
BUY WEAKNESS
January 10, 2020

Oil Oil is tricky. It's a broken market that may or may not be coming back. Some have returned to gold too early. Over the decades, oil has risen and fallen largely due to spin (i.e. Peak Oil). He picks up a little oil when the stocks get cheap. Oil is a messy space. Of the juniors, WCP is his favourite. SU-T is the senior one he likes. But he really likes Advantage (but they deal in natural gas, not oil).

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Whitecap Resources (WCP-T)
January 10, 2020

Oil Oil is tricky. It's a broken market that may or may not be coming back. Some have returned to gold too early. Over the decades, oil has risen and fallen largely due to spin (i.e. Peak Oil). He picks up a little oil when the stocks get cheap. Oil is a messy space. Of the juniors, WCP is his favourite. SU-T is the senior one he likes. But he really likes Advantage (but they deal in natural gas, not oil).

BUY
BUY
December 19, 2019
Dividend sustainability is at about $48 for all energy companies. They could pay a 6.8% dividend while keeping production flat, theoretically.
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Whitecap Resources (WCP-T)
December 19, 2019
Dividend sustainability is at about $48 for all energy companies. They could pay a 6.8% dividend while keeping production flat, theoretically.
COMMENT
COMMENT
December 4, 2019
Energy bottoms this time of year, tax-loss season. Dec. 26-May 24 is seasonality for WCP. Technically, it looks encouraging, with a double bottom. It's approaching the 200-day moving average of $4.30; if it breaks above this, WCP can have runway ahead. However, there's still five days of excess oil supply in the States. A production cut would be a catalyst, but there remains excessive inventory of world oil. Seasonality: good. Fundamentals: unknown.
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Whitecap Resources (WCP-T)
December 4, 2019
Energy bottoms this time of year, tax-loss season. Dec. 26-May 24 is seasonality for WCP. Technically, it looks encouraging, with a double bottom. It's approaching the 200-day moving average of $4.30; if it breaks above this, WCP can have runway ahead. However, there's still five days of excess oil supply in the States. A production cut would be a catalyst, but there remains excessive inventory of world oil. Seasonality: good. Fundamentals: unknown.
PAST TOP PICK
PAST TOP PICK
November 21, 2019
(A Top Pick Dec 17/18, Up 5%) He has a $7 target in a $70 oil price environment. A nice dividend. These stocks are so cheap. Walking away from these names is ridiculous. Buy during tax loss season.
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Whitecap Resources (WCP-T)
November 21, 2019
(A Top Pick Dec 17/18, Up 5%) He has a $7 target in a $70 oil price environment. A nice dividend. These stocks are so cheap. Walking away from these names is ridiculous. Buy during tax loss season.
TOP PICK
TOP PICK
November 15, 2019
A high yield that is sustainable down to $49 oil. There is still good upside on valuation metrics. They have modest decline rates. He likes how they buy back their own shares. It is trading at 85% of its reserve blow down value. Yield 8.26% (Analysts’ price target is $6.55)
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Whitecap Resources (WCP-T)
November 15, 2019
A high yield that is sustainable down to $49 oil. There is still good upside on valuation metrics. They have modest decline rates. He likes how they buy back their own shares. It is trading at 85% of its reserve blow down value. Yield 8.26% (Analysts’ price target is $6.55)
COMMENT
COMMENT
November 6, 2019
Politically we threw fuel on the fire in a weak commodity market. You have to be positive on the forward energy price to like anything. SU is a safer bet than WCP as they can make money at current prices. He is not sure WCP will be able to benefit. He expects more consolidation of smaller players in this space going forward.
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Whitecap Resources (WCP-T)
November 6, 2019
Politically we threw fuel on the fire in a weak commodity market. You have to be positive on the forward energy price to like anything. SU is a safer bet than WCP as they can make money at current prices. He is not sure WCP will be able to benefit. He expects more consolidation of smaller players in this space going forward.
DON'T BUY
DON'T BUY
October 15, 2019
The high dividend yield won't last. $5.10 is his model price. Their balance sheet is impaired (similar to many Canadian oil companies). They need to do some write-offs to bolster the balance sheet. The fundamentals aren't here, and an NDP-Liberal win next week won't help.
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Whitecap Resources (WCP-T)
October 15, 2019
The high dividend yield won't last. $5.10 is his model price. Their balance sheet is impaired (similar to many Canadian oil companies). They need to do some write-offs to bolster the balance sheet. The fundamentals aren't here, and an NDP-Liberal win next week won't help.
Showing 1 to 15 of 294 entries

Whitecap Resources(WCP-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 15

Neutral - Hold Signals / Votes : 4

Bearish - Sell Signals / Votes : 4

Total Signals / Votes : 23

Stockchase rating for Whitecap Resources is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Whitecap Resources(WCP-T) Frequently Asked Questions

What is Whitecap Resources stock symbol?

Whitecap Resources is a Canadian stock, trading under the symbol WCP-T on the Toronto Stock Exchange (WCP-CT). It is usually referred to as TSX:WCP or WCP-T

Is Whitecap Resources a buy or a sell?

In the last year, 23 stock analysts published opinions about WCP-T. 15 analysts recommended to BUY the stock. 4 analysts recommended to SELL the stock. The latest stock analyst recommendation is BUY. Read the latest stock experts' ratings for Whitecap Resources.

Is Whitecap Resources a good investment or a top pick?

Whitecap Resources was recommended as a Top Pick by Josef Schachter on 2020-05-20. Read the latest stock experts ratings for Whitecap Resources.

Why is Whitecap Resources stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Whitecap Resources worth watching?

23 stock analysts on Stockchase covered Whitecap Resources In the last year. It is a trending stock that is worth watching.

What is Whitecap Resources stock price?

On 2020-06-02, Whitecap Resources (WCP-T) stock closed at a price of $2.21.