OTCPK:VREYD - Post by User
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retiredcfon Jan 20, 2021 11:14am
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Another WCP Upgrade
Another WCP Upgrade * Scotia Capital analyst Jason Bouvier hiked his target for Whitecap Resources Inc. to $6 from $2.50 with a “sector perform” rating after coming off research restrictions. The average is currently $5.43.
“We believe the cumulative $1.1-billion in transactions provide WCP with the critical mass and operational overlap necessary to lower its cost structure. In addition, we believe the increased scale will help attract institutional investor interest,” said Mr. Bouvier.