RE:RE:$10.75 new target priceI wish I was holding 10 times more shares than I currently have in this beauty.
I have zero concerns about this company. unlike the cccpg garbage that I was stuck with for years and still am.
I am up large on both but I honestly feel that should oil prices stay stable. WCP is the best of breed and a hold for mid to long term.
love the shares I get every month from reinvestment. wish my other oil stocks were doing the same thing.
baranja wrote: Too bad we had this oil take down,.. WCP would have been flying today.
felix10 wrote: Whitecap Resources Price Target Raised to $10.75 at ATB Capital
2021-10-06 09:46:48 AM ET (MT Newswires)
09:46 AM EDT, 10/06/2021 (MT Newswires) -- ATB Capital Markets raised its price target on Whitecap Resources Inc. (WCP.TO) to $10.75 from $10.50.
Analyst Patrick O'Rourke maintained an Outperform rating on shares of the Calgary-based oil and gas company after it announced a royalty agreement with Topaz Energy Corp. (TPZ.TO) after market close on Tuesday.
"Overall, we view the event as positive with the transaction accretive to both our near term view... as well as our long term view... - further, the cash proceeds accelerate WCP reaching its nominal debt target, and now in our view, improves its positioning for actionable return of capital to shareholder activities," O'Rourke said in a note to clients.
"The gross overriding royalty sale aligns with the company's priorities of balance sheet strength and increased return to shareholders," the analyst said.