Dundee makes Whitecap 'Top Pick'
and raises target... expects dividend announcement in "short to medium term". https://www.theglobeandmail.com/globe-investor/markets/market-blog/canaccord-downgrades-brookfield-asset-management/article4613161/?service=mobile
Full excerpt from Globe and Mail, as follows:
Dundee Securities analyst Grant Daunheimer has added Whitecap Resources Inc. to its short list of top picks in the commodity sector, praising the company’s “highly experienced” management team and competent technical staff. Mr. Daunheimer beliees the stock is trading at an attractive valuations, with with its strong balance sheet, he believes the company could announce a dividend in the short to medium term.
“We believe Whitecap should be a core holding in any energy portfolio whose desire it to make money,” said Mr. Daunheimer. “A diverse and oil-weighted asset base is poised to deliver material and sustainable growth over the short, medium and long term in our opinion.”
Upside: Mr. Daunheimer has a price target of $11.50.