OTCPK:VREYD - Post by User
Post by
retiredcfon Dec 16, 2020 6:54am
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Post# 32116672
Analyst Comment
Analyst Commenthttps://www.bnnbloomberg.ca/video/bill-harris-discusses-whitecap-resources~2101398
COMMENT
Whitecap Resources
(WCP-T)
December 15, 2020
WCP buying TORC Oil Like with Suncor, we've had a relief rally in oil and cyclicals. Instead of vibrant competition in this industry, all this pressure on oil will reduce this space to a handful of names. He's looking for the highest free-cash flow producers at their lows. WCP gets stronger with this merger and should see a valuation bump. He'dd love to see WCP easily go 50-100% higher, but this will happen only if money outside the sector drives it. This is why he won't buy WCP now. CNQ is a safer play, more certain that CNQ will make money in the next 12 months. That said, if the price of oil rises, WCP will certainly surge.
Bill Harris, CFA
Price
$5.070
Owned
No