TSX:WCP - Post Discussion
Post by
retiredcf on Feb 27, 2024 8:32am
Stockchase Insights
BUY
Whitecap Resources(WCP-T)
26/02/2024
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research
WCP is an energy company that is now trading at 6.0x times' Forward P/E. In the 4Q, WCP’s revenue declined 18% to $914M, compared to the same period last year of $1.16B and EPS is $0.49 compared to last year of $0.52, indicating decent cost control. Daily production remains largely unchanged at 166,500 BOE/day. Forecast for 2024 is for production 165,000 to 170,000. The balance sheet is solid, net debt went down from $1.9B to $1.4B, and the net debt/EBITDA is only around 0.6x. The company does have a decent capital return policy the current yield is quite attractive (8% dividend yield and 2% from buyback). Overall, a very decent quarter despite headwind from commodity prices.
Oil And Gas (Integrated Oils)
$9.38
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