Whitecap Resources

WCP-T

Analysis and Opinions about WCP-T

Signal
Opinion
Expert
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.
HOLD
HOLD
October 11, 2019
It is very inexpensive right now. He thinks the distribution is sustainable down to about $50-$55 WTI prices. The stock has been weak based on comments from the CEO, who said that banks may less inclined to increase lending to energy, especially natural gas companies. This may cause companies to jettison assets to keep debt down. The CEO is hoping this will provide some cheap assets they can acquire. He would prefer the company buy its own stock, that is greatly discounted to its book value. He owns it personally for the dividend. Yield 8.9%
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Whitecap Resources (WCP-T)
October 11, 2019
It is very inexpensive right now. He thinks the distribution is sustainable down to about $50-$55 WTI prices. The stock has been weak based on comments from the CEO, who said that banks may less inclined to increase lending to energy, especially natural gas companies. This may cause companies to jettison assets to keep debt down. The CEO is hoping this will provide some cheap assets they can acquire. He would prefer the company buy its own stock, that is greatly discounted to its book value. He owns it personally for the dividend. Yield 8.9%
BUY
BUY
October 11, 2019

Good energy dividend payers? For a five year time period, there are a few 9% dividend payers which are safe, he thinks. He would suggest ARX-T (11% yield), WCP-T, and TOG-T (each yielding around 9%). He thinks the dividends are safe to $50 WTI. These stocks are just so undervalued and have enormous upside if investment comes back.

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Whitecap Resources (WCP-T)
October 11, 2019

Good energy dividend payers? For a five year time period, there are a few 9% dividend payers which are safe, he thinks. He would suggest ARX-T (11% yield), WCP-T, and TOG-T (each yielding around 9%). He thinks the dividends are safe to $50 WTI. These stocks are just so undervalued and have enormous upside if investment comes back.

BUY WEAKNESS
BUY WEAKNESS
October 10, 2019
They pay a good dividend. Low debt so he thinks the stock is quite cheap. Volume should increase by Q1.
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Whitecap Resources (WCP-T)
October 10, 2019
They pay a good dividend. Low debt so he thinks the stock is quite cheap. Volume should increase by Q1.
DON'T BUY
DON'T BUY
September 25, 2019

Management has done a good job in this light oil producer (WCP-T). If the economy slows, oil prices would fall and that could threaten the yield further. He has a negative view on all resources right now. He only owns pipelines like ENB-T.

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Whitecap Resources (WCP-T)
September 25, 2019

Management has done a good job in this light oil producer (WCP-T). If the economy slows, oil prices would fall and that could threaten the yield further. He has a negative view on all resources right now. He only owns pipelines like ENB-T.

HOLD
HOLD
September 20, 2019
A Western Canadian light oil producer. A well run company. The dividend is safe, he thinks. If you like energy at all, this would be one of his favorites. You could easily see $7 per share again -- a 45% gain potential, including the dividend. The balance sheet is also pretty good. The pipeline situation in Western Canada needs to be resolved. Yield 7%
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Whitecap Resources (WCP-T)
September 20, 2019
A Western Canadian light oil producer. A well run company. The dividend is safe, he thinks. If you like energy at all, this would be one of his favorites. You could easily see $7 per share again -- a 45% gain potential, including the dividend. The balance sheet is also pretty good. The pipeline situation in Western Canada needs to be resolved. Yield 7%
PARTIAL SELL
PARTIAL SELL
September 19, 2019
Not one of his favourites in the oil and gas space in Canada. See Top Picks today.
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Whitecap Resources (WCP-T)
September 19, 2019
Not one of his favourites in the oil and gas space in Canada. See Top Picks today.
COMMENT
COMMENT
September 19, 2019
A decent little energy producer that still pays a dividend. He puts it in the top half of the mid-cap group. An okay company, dividend and growth. It's okay.
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Whitecap Resources (WCP-T)
September 19, 2019
A decent little energy producer that still pays a dividend. He puts it in the top half of the mid-cap group. An okay company, dividend and growth. It's okay.
BUY
BUY
September 16, 2019
He likes it and owns it. The dividend is secure. Next year he thinks we will have $70 oil or more. You want to own this stock going forward. If it backs off to the $4's it will be a table pounding buy. His target is $7 one year and $20 in 3 to 5 years.
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Whitecap Resources (WCP-T)
September 16, 2019
He likes it and owns it. The dividend is secure. Next year he thinks we will have $70 oil or more. You want to own this stock going forward. If it backs off to the $4's it will be a table pounding buy. His target is $7 one year and $20 in 3 to 5 years.
TOP PICK
TOP PICK
September 13, 2019
A company generating great free cash flow. The dividend is attractive. A great time to get into the space and this is a good company. Yield 7.86% (Analysts’ price target is $7.28)
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Whitecap Resources (WCP-T)
September 13, 2019
A company generating great free cash flow. The dividend is attractive. A great time to get into the space and this is a good company. Yield 7.86% (Analysts’ price target is $7.28)
BUY
BUY
August 30, 2019
Historically, paying 9-10% yields is nuts, but in this environment that is sustainable, including for WCP. They can still generate a free cash flow yield of 5% and so, in fact, raise their dividend. He really likes and owns a lot of WCP. U.S. funds will eventually flow back into Canadian mid-cap oil stocks when they realize that shale growth is not as expected. WCP trades at 78% of its liquidation value. The only knock here is they're reluctant to buyback shares (he'll meet with the CEO soon to discuss this). He strongly suggests that Canadian oil companies buyback shares to encourage investors.
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Historically, paying 9-10% yields is nuts, but in this environment that is sustainable, including for WCP. They can still generate a free cash flow yield of 5% and so, in fact, raise their dividend. He really likes and owns a lot of WCP. U.S. funds will eventually flow back into Canadian mid-cap oil stocks when they realize that shale growth is not as expected. WCP trades at 78% of its liquidation value. The only knock here is they're reluctant to buyback shares (he'll meet with the CEO soon to discuss this). He strongly suggests that Canadian oil companies buyback shares to encourage investors.
COMMENT
COMMENT
August 27, 2019
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%
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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
BUY
August 27, 2019
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.
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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.
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