Panic-Proof Portfolio TOP PICK
Whitecap Resources (WCP-T)
08/09/2021
Stockchase Research Editor: Michael O'Reilly WCP is a top rated Canadian resource producer, producing 80,000 bpd of oil, another 11,000 bpd of NGLs, and is growing its natural gas position in the prolific Montney area. It has benefitted as oil prices have rebounded back towards more sustainable levels. It trades at 7x earnings compared to peers at 24x and is valued presently at 1.6x book. It pays a great dividend, backed by a payout ratio of under 30% of cashflow. We would buy this with a stop loss at $4.25, looking to achieve $8.25 -- upside potential over 50%. Yield 3.22% (Analysts’ price target is $8.13)
OIL AND GAS (INTEGRATED OILS)
The Panic-Proof Portfolio (Stockchase Research)
$5.290