Whitecap Resources Inc T.WCP

Eric Nutall - BNN comment

[Possibleidiot01]

COMMENT

Whitecap Resources(WCP-T)

02/04/2024

 

It's mispriced and should be higher. Are active acquirers which creates overhangs. The street perceives them as liking to do deals, so sentiment is poor, which is baffling. Until this perception changes, WCP will lag. But he likes their free cash flow yield and other metrics.

Oil and Gas (Integrated Oils)

 

$10.565

Not owned

[barneyj44]

Eric ownes Whitecap, has for awhile

[baranja]

"not owned".. So it was him selling WCP helped in lagging the stock price.  He was WCP holder before.

[barneyj44]

Better watch the rerun Eric likes the dividend and has a 5% position...

[retiredcf]

Was tied up yesterday afternoon so listened to the entire broadcast this morning. Previous posters are correct - he clearly stated that he owns a 5% position. Also, in the question before WCP, he spoke about things he looks for in companies when deciding whether or not to buy. Two points were when the assets are "mispriced", and insider ownership and in particular, when the CEO is buying

[Anschutz]

Pretty certain I heard Nuttal say today on BNN Market Call that 5% of his portfolio is in WCP.  He did not specifiy in which fund or if it was a personal account.