Analyst CommentAs indicated in her notes, they are very conservative so there wasn't much chance of WCP coming out ahead in a comparison with CNQ. GLTA
Our portfolio has remained extremely conservative and defensive despite market optimism this year. We are extremely cautious in the near/medium term as we see several signs of an economic downturn. The perceived strength of the consumer is showing signs of weakness as saving rates have come down, credit balances are up and total retail spending is slowing. We’ve seen many retailers in the U.S. and in Canada bring down their guidance for the rest of the year amid a more cautious and cash-strapped consumer. COMMENT
Whitecap Resources(WCP-T)
10/06/2024
This was another question on which company she prefers.. They are both doing well. Her company owns CNQ which has a very good, conservative management team and good assets. It buys assets at rock bottom prices and has a good mix. They can now pay back 100% of free cash flow to investors. WCP is light oil which has a higher decline rate but the management team is doing well making the wells last longer.
Oil And Gas (Integrated Oils)
Rebecca Teltscher
$10.400
Unknown