Whitecap Resources

WCP-T

Analysis and Opinions about WCP-T

Signal
Opinion
Expert
BUY WEAKNESS
BUY WEAKNESS
July 25, 2019
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%.
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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
BUY
July 19, 2019
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.
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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
HOLD
July 17, 2019
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.
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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
BUY
June 20, 2019
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.
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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
BUY
June 4, 2019
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.
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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
PAST TOP PICK
May 24, 2019
(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.
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(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
HOLD
May 15, 2019
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.
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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
HOLD
May 1, 2019
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%.
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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
COMMENT
April 30, 2019
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.
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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
BUY
April 18, 2019
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.
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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
BUY
April 16, 2019
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.
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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
WAIT
April 11, 2019
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.
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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 WEAKNESS
BUY WEAKNESS
March 28, 2019
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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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.
BUY
BUY
March 8, 2019
This is in the small mid cap space. They are geographically diverse and this is a concern. At $60 oil, the dividend is absolutely safe. They are trading at 87% of the wells that are on stream today. So everything else you are getting for free. Very undervalued.
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This is in the small mid cap space. They are geographically diverse and this is a concern. At $60 oil, the dividend is absolutely safe. They are trading at 87% of the wells that are on stream today. So everything else you are getting for free. Very undervalued.
COMMENT
COMMENT
February 1, 2019
WCP-T is a good mid-cap energy company, but he is not excited about the space right now. He is not looking to add in this environment, but when he returns WCP-T would be a great company. His largest holding is VET-T.
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Whitecap Resources (WCP-T)
February 1, 2019
WCP-T is a good mid-cap energy company, but he is not excited about the space right now. He is not looking to add in this environment, but when he returns WCP-T would be a great company. His largest holding is VET-T.
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