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Whitecap Resources Inc T.WCP

Alternate Symbol(s):  SPGYF

Whitecap Resources Inc. is an oil-weighted growth 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 Kakwa and Resthaven, all located in Northwest Alberta. The primary reservoir being developed is the Montney resource play, mainly comprised of condensate-rich natural gas. Kaybob is located in the Fox Creek region of Northwest Alberta. The primary reservoir being developed is the Duvernay resource play, mainly comprised of condensate-rich natural gas. The PRA is its original asset area. Its East Division is comprised of four regions: Central AB, West Sask, East Sask and Weyburn. Its Central Alberta region represents the bulk of its Cardium and liquids-rich Mannville assets.


TSX:WCP - Post by User

Comment by financebuff101on Jul 29, 2021 10:09pm
130 Views
Post# 33630447

RE:RE:best oil company by a landslide on the tsx

RE:RE:best oil company by a landslide on the tsxSugaree, here is why I consider WCP far superior to both POU & NVA:

1. Oil / Nat Gas exposure: WCP 75%+.  POU and NVA: 40%.  There is more money in Oil than Nat Gas these days.  Advantage: WCP.

2. Dividend: WCP - yes (3.x%).  POU and NVA: nope.  As a long term investor, I do care about a fair dividend, and more so if it comes with a DRIP option.  As a day / swing trader, I would not care that much.  Advantage (for long term investors): WCP.

3. Field netback $/boe (using Q1/21 numbers for all three companies, to make it fair): WCP $26.11.  POU $15.83.  NVA $17.50.  Advantage: WCP.

4. Enterprise Value / Debt Adjusted Cash Flow: WCP 4.2x POU 4.6x NVA 3.6x.  Advantage: NVA (while I am waiting on Q2 figures).

5. Acquisition track record: well, if you follow WCP, then you know about Torc (TOG) and the rest of them, all within the last few years.

Looking forward to your reply.  Bring data.
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