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Bullboard - Stock Discussion Forum Whitecap Resources Inc T.WCP

Alternate Symbol(s):  SPGYF

Whitecap Resources Inc. is a Canadian clean energy company. The Company is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. Its core areas include the West Division and East Division. Its West Division is comprised of three regions: Smoky, Kaybob and Peace River Arch (PRA). The properties in its Smoky region include... see more

TSX:WCP - Post Discussion

Whitecap Resources Inc > Results are Out...
View:
Post by JoeBravo1 on Feb 21, 2024 5:15pm

Results are Out...

Don't understand this company.  They seem to have a sustainable dividend, good production and reserves, share buyback program, and they're paying down their debt.

They beat EPS estimates, yet they're only trading at a P/E ratio of around 6.2 times.

Am I missing something?
Comment by itsalie on Feb 21, 2024 5:24pm
I think they just got out of favour, some speculation they were planning on buying more production.. I added just before close, hope to see it up 5% tomorrow 
Comment by Anschutz on Feb 21, 2024 8:15pm
Shhhh!  Some of us are still accumulating.  
Comment by AvInvestor on Feb 21, 2024 9:39pm
Sadly, it's the new normal. Energy companies will be valued at a lower multiple going forward. This presents a great opportunity for us energy investors. 
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