Whitecap Resources

WCP-T

Analysis and Opinions about WCP-T

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
February 23, 2016

(A Top Pick Jan 20/15. Down 32.01%.) Cut their dividend. Just raised $95 million today, to pay for an asset. This story has lost a little bit of the momentum that it used to have. He is hoping to be able to dip his toe back into the water at a lower share price.

Show full opinionHide full opinion
Whitecap Resources (WCP-T)
February 23, 2016

(A Top Pick Jan 20/15. Down 32.01%.) Cut their dividend. Just raised $95 million today, to pay for an asset. This story has lost a little bit of the momentum that it used to have. He is hoping to be able to dip his toe back into the water at a lower share price.

HOLD
HOLD
February 19, 2016

At a very interesting level. It is back at the low levels of 2012 and 2013. The volume has been steady. It looks like a great place where you would want to buy this name.

Show full opinionHide full opinion
Whitecap Resources (WCP-T)
February 19, 2016

At a very interesting level. It is back at the low levels of 2012 and 2013. The volume has been steady. It looks like a great place where you would want to buy this name.

PAST TOP PICK
PAST TOP PICK
February 10, 2016

(A Top Pick Feb 12/15. Down 53.5%.) Lots of free cash flow and dividend growth potential is still there in a high oil price environment, but their hedging has rolled off, which makes things a little more challenging. It also increases their debt. Too many people were hiding in this story. Thinks very highly of management. Dividend yield of 7.6%.

Show full opinionHide full opinion
Whitecap Resources (WCP-T)
February 10, 2016

(A Top Pick Feb 12/15. Down 53.5%.) Lots of free cash flow and dividend growth potential is still there in a high oil price environment, but their hedging has rolled off, which makes things a little more challenging. It also increases their debt. Too many people were hiding in this story. Thinks very highly of management. Dividend yield of 7.6%.

COMMENT
COMMENT
February 5, 2016

There is a long downtrend from April. Chart shows it has just made a higher low, but it needs to have a little more meaningful legs to it, as it has to break out of down trending and move up. There is going to be a lot of volatility in the energy sector.

Show full opinionHide full opinion
Whitecap Resources (WCP-T)
February 5, 2016

There is a long downtrend from April. Chart shows it has just made a higher low, but it needs to have a little more meaningful legs to it, as it has to break out of down trending and move up. There is going to be a lot of volatility in the energy sector.

COMMENT
COMMENT
January 29, 2016

He is quite concerned about small-cap companies, because they are the ones whose balance sheets are most affected. The company was going great guns, but has been backing and filling since 2014. If you are in this, don’t overweight it. Would prefer some of the intermediates like Crescent Point (CPG-T).

Show full opinionHide full opinion
Whitecap Resources (WCP-T)
January 29, 2016

He is quite concerned about small-cap companies, because they are the ones whose balance sheets are most affected. The company was going great guns, but has been backing and filling since 2014. If you are in this, don’t overweight it. Would prefer some of the intermediates like Crescent Point (CPG-T).

COMMENT
COMMENT
January 25, 2016

Surge Energy (SGY-T) or Whitecap (WCP-T)? Both are decent names, but this is the higher-quality of the 2, so is the one he would pick, but with the caveat that they are both smaller energy companies in a very brutal tape for energy.

Show full opinionHide full opinion
Whitecap Resources (WCP-T)
January 25, 2016

Surge Energy (SGY-T) or Whitecap (WCP-T)? Both are decent names, but this is the higher-quality of the 2, so is the one he would pick, but with the caveat that they are both smaller energy companies in a very brutal tape for energy.

COMMENT
COMMENT
January 22, 2016

Crescent Point (CPG-T) or Whitecap (WCP-T)? This company recently cut its dividend by about 40%, as well as their CapX. They believe they can have their dividend payout ratio under 100%. He likes this as a company that can survive.

Show full opinionHide full opinion
Whitecap Resources (WCP-T)
January 22, 2016

Crescent Point (CPG-T) or Whitecap (WCP-T)? This company recently cut its dividend by about 40%, as well as their CapX. They believe they can have their dividend payout ratio under 100%. He likes this as a company that can survive.

COMMENT
COMMENT
January 22, 2016

This is one he would definitely be adding to at some point, if they cut the dividend. Good management for growth. This has upside on getting acquired. His company has a $13 target on this.

Show full opinionHide full opinion
Whitecap Resources (WCP-T)
January 22, 2016

This is one he would definitely be adding to at some point, if they cut the dividend. Good management for growth. This has upside on getting acquired. His company has a $13 target on this.

WAIT
WAIT
January 6, 2016

Good quality company. He wouldn’t be in a rush to buy any of these things. If you saw the price of crude go $40-$45 and it looks like we have turned the corner, he would absolutely own this.

Show full opinionHide full opinion

Good quality company. He wouldn’t be in a rush to buy any of these things. If you saw the price of crude go $40-$45 and it looks like we have turned the corner, he would absolutely own this.

PAST TOP PICK
PAST TOP PICK
December 31, 2015

(A Top Pick Dec 1/14. Down 14.90%.) Has still been buying recently at around $9 which he finds compelling.

Show full opinionHide full opinion
Whitecap Resources (WCP-T)
December 31, 2015

(A Top Pick Dec 1/14. Down 14.90%.) Has still been buying recently at around $9 which he finds compelling.

COMMENT
COMMENT
December 11, 2015

Thinks this will have some pretty good leverage on the way up.

Show full opinionHide full opinion
Whitecap Resources (WCP-T)
December 11, 2015

Thinks this will have some pretty good leverage on the way up.

COMMENT
COMMENT
December 8, 2015

This is one commodity stock that he has added a little bit to. Likes their assets and the management team, and the valuation is good. Thinks the dividend is sustainable in the near term. Its safety depends on oil prices. There is no immediate pressure on it, but if oil prices stay at this level for the next 12-18 months, none of the dividends are going to be safe in any of these companies.

Show full opinionHide full opinion
Whitecap Resources (WCP-T)
December 8, 2015

This is one commodity stock that he has added a little bit to. Likes their assets and the management team, and the valuation is good. Thinks the dividend is sustainable in the near term. Its safety depends on oil prices. There is no immediate pressure on it, but if oil prices stay at this level for the next 12-18 months, none of the dividends are going to be safe in any of these companies.

PAST TOP PICK
PAST TOP PICK
November 20, 2015

(A Top Pick Oct 17/14. Down 17.41%.) Cut the dividend late last year, but haven’t done so this year. On an unhedged basis next year of $55 oil, it is trading at over 10X cash flow, so the opportunity for them to go out and use their currency to scoop assets from some of the majors is great. Because of the valuation he no longer owns it. Good management.

Show full opinionHide full opinion
Whitecap Resources (WCP-T)
November 20, 2015

(A Top Pick Oct 17/14. Down 17.41%.) Cut the dividend late last year, but haven’t done so this year. On an unhedged basis next year of $55 oil, it is trading at over 10X cash flow, so the opportunity for them to go out and use their currency to scoop assets from some of the majors is great. Because of the valuation he no longer owns it. Good management.

COMMENT
COMMENT
November 11, 2015

Just reported a solid Q3. Slightly bumped their production guidance and the dividend looks pretty stable. Had reduced their operating costs quite nicely. Great company because of the way they can advertise these larger volumes over the existing infrastructure, and drive down the operating costs. Dividend yield of 6.6%.

Show full opinionHide full opinion
Whitecap Resources (WCP-T)
November 11, 2015

Just reported a solid Q3. Slightly bumped their production guidance and the dividend looks pretty stable. Had reduced their operating costs quite nicely. Great company because of the way they can advertise these larger volumes over the existing infrastructure, and drive down the operating costs. Dividend yield of 6.6%.

COMMENT
COMMENT
November 5, 2015

In all likelihood, the dividend is sustainable over the next 12 months. A highly efficient company. Just raised their production guidance. With his assumption of $48 oil this year, $55 next year and $60 the following year, their balance sheet is just fine. Payout ratios are below 100%. Cheaper than its peers on a five-year average. The only thing is, these balance sheets are very sensitive to lower oil.

Show full opinionHide full opinion
Whitecap Resources (WCP-T)
November 5, 2015

In all likelihood, the dividend is sustainable over the next 12 months. A highly efficient company. Just raised their production guidance. With his assumption of $48 oil this year, $55 next year and $60 the following year, their balance sheet is just fine. Payout ratios are below 100%. Cheaper than its peers on a five-year average. The only thing is, these balance sheets are very sensitive to lower oil.

DON'T BUY
DON'T BUY
October 26, 2015

It has not been moving, but that is good news considering what has been happening in the sector. His model price is $11.33 and we had a negative transit last week. He feels it comes back to $10.21 and fools around for some time there. It is probably dead money for some time. Negative transit is when there are negative fundamentals ahead. It is one of his company’s systems of analysis. Maybe you get interested at the $10.20 area.

Show full opinionHide full opinion
Whitecap Resources (WCP-T)
October 26, 2015

It has not been moving, but that is good news considering what has been happening in the sector. His model price is $11.33 and we had a negative transit last week. He feels it comes back to $10.21 and fools around for some time there. It is probably dead money for some time. Negative transit is when there are negative fundamentals ahead. It is one of his company’s systems of analysis. Maybe you get interested at the $10.20 area.

COMMENT
COMMENT
October 22, 2015

Loves this as a company, but is not particularly enamoured with the stock at around $12.50. You are paying forward for a lot of great execution that they have had. Trading at around 9X next year’s cash (?) at $55. On an unhedged basis, it would be around 10.5. That is a very high multiple grant. Team has done a phenomenal job, but it feels like you are forward paying for that. Prefers other names where he can pay a 2 point discount on as good of a business model in terms of with sustainability of the dividend or the growth model.

Show full opinionHide full opinion
Whitecap Resources (WCP-T)
October 22, 2015

Loves this as a company, but is not particularly enamoured with the stock at around $12.50. You are paying forward for a lot of great execution that they have had. Trading at around 9X next year’s cash (?) at $55. On an unhedged basis, it would be around 10.5. That is a very high multiple grant. Team has done a phenomenal job, but it feels like you are forward paying for that. Prefers other names where he can pay a 2 point discount on as good of a business model in terms of with sustainability of the dividend or the growth model.

TOP PICK
TOP PICK
October 16, 2015

This is a good area to start building an energy position. What he likes about the smaller companies that is that every new barrel adds well to the balance sheet on a growth basis. His company has an $18 target on this.

Show full opinionHide full opinion
Whitecap Resources (WCP-T)
October 16, 2015

This is a good area to start building an energy position. What he likes about the smaller companies that is that every new barrel adds well to the balance sheet on a growth basis. His company has an $18 target on this.

BUY
BUY
October 7, 2015

Always a "go-to" name. The dividend is absolutely secure. The projects they have are light oil projects and are stellar. They will continue to hold it. There is also a growth aspect when oil prices start to go up. Also they are known acquirers. He would not be surprised to see more acquisitions.

Show full opinionHide full opinion

Always a "go-to" name. The dividend is absolutely secure. The projects they have are light oil projects and are stellar. They will continue to hold it. There is also a growth aspect when oil prices start to go up. Also they are known acquirers. He would not be surprised to see more acquisitions.

COMMENT
COMMENT
September 25, 2015

Very well hedged through the end of the year, and as they get into 2016 it is still around 40% at above average prices. Efficiencies are top-notch, and thinks you will continue to see them ratcheted down, so no concerns, even in this environment, for another 6-9 months.

Show full opinionHide full opinion
Whitecap Resources (WCP-T)
September 25, 2015

Very well hedged through the end of the year, and as they get into 2016 it is still around 40% at above average prices. Efficiencies are top-notch, and thinks you will continue to see them ratcheted down, so no concerns, even in this environment, for another 6-9 months.

DON'T BUY
DON'T BUY
September 21, 2015

He has a very low weighting in the energy sector. There is a lot of pressure on these companies. From a long term perspective, most companies are now undervalued. Net flows of funds in the markets are away from energy. He expects continued pressure on these stocks. He expects oil to dip to the low $30s before the end of the year. Third quarter results are going to be brutal for a lot of these companies. This one is probably one of the better producers and could get financed to make acquisitions.

Show full opinionHide full opinion
Whitecap Resources (WCP-T)
September 21, 2015

He has a very low weighting in the energy sector. There is a lot of pressure on these companies. From a long term perspective, most companies are now undervalued. Net flows of funds in the markets are away from energy. He expects continued pressure on these stocks. He expects oil to dip to the low $30s before the end of the year. Third quarter results are going to be brutal for a lot of these companies. This one is probably one of the better producers and could get financed to make acquisitions.

PAST TOP PICK
PAST TOP PICK
September 2, 2015
(Past Top Pick, Feb. 12, 2015, down 17.79%.) Thinks it's a great company, but it has been hurt by the fact that it's a dividend payer. Thinks they will be a survivor in this market. They haven't had to cut their dividend yet, and doesn't think they will. Their hedges will roll off in 2016, and that might effect things if the commodity prices don't change. Their yield is good and that reflects the stockholders confidence in the company as well as their dividend.
Show full opinionHide full opinion
Whitecap Resources (WCP-T)
September 2, 2015
(Past Top Pick, Feb. 12, 2015, down 17.79%.) Thinks it's a great company, but it has been hurt by the fact that it's a dividend payer. Thinks they will be a survivor in this market. They haven't had to cut their dividend yet, and doesn't think they will. Their hedges will roll off in 2016, and that might effect things if the commodity prices don't change. Their yield is good and that reflects the stockholders confidence in the company as well as their dividend.
PAST TOP PICK
PAST TOP PICK
August 25, 2015

(A top pick July 25/14. Down 38.19%.) Has been in and out of this name twice since then. It was a name that was holding up better than most. Doesn’t think a dividend cut is in the cards until Q1 of next year. Debt is quite low relative to its peers.

Show full opinionHide full opinion

(A top pick July 25/14. Down 38.19%.) Has been in and out of this name twice since then. It was a name that was holding up better than most. Doesn’t think a dividend cut is in the cards until Q1 of next year. Debt is quite low relative to its peers.

TOP PICK
TOP PICK
July 30, 2015

Healthy dividend, good management team, good institutional following for raising money when they need to grow by acquisition. 6.5% yield. It has sold off, but does not have a balance sheet problem.

Show full opinionHide full opinion

Healthy dividend, good management team, good institutional following for raising money when they need to grow by acquisition. 6.5% yield. It has sold off, but does not have a balance sheet problem.

COMMENT
COMMENT
July 24, 2015

This is the one junior oil that he held. Well-managed and a good company. When he is ready to start adding to the oils, this is one he will be adding. His company has this with an $18 target and as a sector outperform. Management has delivered very well over the last couple of years. Dividend yield of 7%.

Show full opinionHide full opinion

This is the one junior oil that he held. Well-managed and a good company. When he is ready to start adding to the oils, this is one he will be adding. His company has this with an $18 target and as a sector outperform. Management has delivered very well over the last couple of years. Dividend yield of 7%.

BUY
BUY
July 13, 2015

Sell PrairieSky (PSK-T) and move to White Cap (WCP-T)? It depends on what your cost is in PrairieSky. If you have a good cost base and you have good money into it, he doesn’t think he would Sell to buy this company, although he thinks this company is the best run of all the dividend companies out there. Thinks this is good for a trip back up to $15-$16 in a stronger energy scenario. Dividend yield of 6.4%.

Show full opinionHide full opinion

Sell PrairieSky (PSK-T) and move to White Cap (WCP-T)? It depends on what your cost is in PrairieSky. If you have a good cost base and you have good money into it, he doesn’t think he would Sell to buy this company, although he thinks this company is the best run of all the dividend companies out there. Thinks this is good for a trip back up to $15-$16 in a stronger energy scenario. Dividend yield of 6.4%.

COMMENT
COMMENT
July 10, 2015

He likes this. It is one of the better names out there. The commodity is very important and probably the most important determinant of it, but it is also overall sentiment. Excellent quality name.

Show full opinionHide full opinion

He likes this. It is one of the better names out there. The commodity is very important and probably the most important determinant of it, but it is also overall sentiment. Excellent quality name.

PAST TOP PICK
PAST TOP PICK
June 18, 2015

(A Top Pick June 12/14. Down 9.95%.) Excellent management. They are hedged pretty well for both this year and next. Debt levels are good relative to their peers. Low payout ratios. He sold most of his holdings last year. This is a fine play to hold.

Show full opinionHide full opinion

(A Top Pick June 12/14. Down 9.95%.) Excellent management. They are hedged pretty well for both this year and next. Debt levels are good relative to their peers. Low payout ratios. He sold most of his holdings last year. This is a fine play to hold.

PAST TOP PICK
PAST TOP PICK
June 12, 2015

(A Top Pick Feb 12/15. Down 0.52%.) This is a beautiful dividend payer and really shows how a dividend model should be run. Very well-run company. Have never cut the dividend since inception. They hedged really well this year, which has helped a lot. They also look good for next year as well.

Show full opinionHide full opinion

(A Top Pick Feb 12/15. Down 0.52%.) This is a beautiful dividend payer and really shows how a dividend model should be run. Very well-run company. Have never cut the dividend since inception. They hedged really well this year, which has helped a lot. They also look good for next year as well.

PAST TOP PICK
PAST TOP PICK
June 8, 2015

(Top Pick June 9/14, Down 10.03%) He really liked the company. It is now really attractively priced. He would start rebuilding your position.

Show full opinionHide full opinion

(Top Pick June 9/14, Down 10.03%) He really liked the company. It is now really attractively priced. He would start rebuilding your position.

Showing 121 to 150 of 289 entries