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Whitecap Resources Inc. (WCP.TO)
Toronto - Toronto Real Time Price. Currency in CAD
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At close: 3:59PM EDT
469 reactions on $WCP.TO conversation
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Well done 👍 WCP. ✅shareholders are happy to hear the good news.thank you for yours guys work hard and effort to helps company growth and increase the dividend. 🤩
This will take off very soon. The investor presentation is very straightforward. FCF machine plus lots of dividend increases and share buybacks coming. I like a company that says 50% DFF for you loyalists. Dividend is solid at 45 wti and low chance of that. At 70wti you should expect a 10 cent increase to current dividend of 27 cents and 5% share buybacks in 2022. Back up the 🛻 we got a compounder of 20%
Easily one of the best stocks I ever bought at 74 cents when it was paying a 23% dividend! It was like oil was never gonna be used again! Looking to sell at $15 next year for a 2000% return!
Further to @Karen’s post, there are few additional upgrades from yesterday, 2 are targeting $12:
*National Bankshares - Boost Price Target – Outperform C$11.00 ➝ C$12.00
*Tudor Pickering & Holt - Boost Price Target - Buy C$7.50 ➝ C$8.50
*National Bank Financial - Boost Price Target – Outperform C$12.00
WCP has only buy and strong buy ratings, no sell and no hold. I don’t always believe in the opinion of analysts and I always like to do my own analysis, which I did, but in this case I agree with them and every one analyst who was recently on BNN Bloomberg, rated WCP as a buy, strong buy or the top pick. Good luck everyone, we have a winner here!
does anyone think this will drop again? back to like 6cad?
Beautiful article, and increase to Div.
In the Globe and Mail this morning!
A series of analysts on the Street raised their target prices for shares of Whitecap Resources Inc. (WCP-T +0.28%increase
) following the Tuesday evening announcement of the sale of a 5-per-cent gross overriding royalty interest on its Weyburn Unit to Topaz Energy Corp. (TPZ-T +1.14%increase
) for $188-million in cash.
“Overall, we view the event as positive with the transaction accretive to both our near term view (2022 estimated EV/DACF improves to 3.7 times from our prior estimate of 3.8 times) as well as our long term view (our PDP + Risked Upside NAV intrinsic value estimate increases to $11.72 per share from $11.46 per share prior) – further, the cash proceeds accelerate WCP reaching its nominal debt target, and now in our view, improves its positioning for actionable return of capital to shareholder activities,” said ATB Capital Markets’ Patrick O’Rourke.
He raised his target for Whitecap shares to $10.75 from $10.50 with an “outperform” rating. The average on the Street is $9.58.
Others making adjustments include:
* CIBC World Markets’ Dennis Fong to $9.25 from $9 with an “outperformer” rating.
* BMO Nesbitt Burns’ Ray Kwan to $10 from $9 with an “outperform” rating.
* RBC’s Luke Davis to $9 from $8.50 with an “outperform” rating.
Love it, love it......
Great job management.
WCP is outperform stock.The stocks price will increase $9. Now. The prices of oil is almost $80. The dividend will increase as well.
The Oil Man
We are GREEN when the whole energy sector is majority RED !!! Just goes to show you the strength of WCP.TO
Alex Ruus discusses Whitecap, today on BNN Bloomberg – STRONG BUY
Been listening to a lot of Nuttall lately. He knows Canadian energy better than anyone else I have heard. I am thinking of diversifying my suncor position into some of the small caps he likes after looking at the balance sheets.
The Oil Man
Eric nuttall said today a price prediction of 13.50 within the next 6 months ...
Does anyone think this is going to drop again in the near future 3-4 months?
We need divi to go double.
It would be only 5% with very low payout from the company.
Raymond James Financial posted a target price of 10$ as of today
Great end of the week. Have a nice weekend everyone!
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