Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Whitecap Resources Inc SPGYF


Primary Symbol: T.WCP

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

Post by retiredcfon Oct 24, 2024 8:33am
207 Views
Post# 36279882

Revised Targets

Revised TargetsDesjardins Securities’ Chris MacCuloch bumped his Whitecap Resources Inc.  target to $13 from $12.75 with a “buy” rating, while ATB Capital Markets’ Patrick O’Rourke trimmed his target to $14.50 from $15 with an “outperform” rating. The average is $13.48.

“We are increasing our target on Whitecap ... reflecting positive estimate revisions following another quarter of strong operational results,” Mr. MacCulloch said. “Although the capital allocation framework provides limited scope for buybacks at strip prices, we expect WCP to continue exploring creative ways to augment the base dividend and organic production growth, including accretive M&A opportunities to further scale the business model. Meanwhile, 2025 guidance appears to have been conservatively set.”



<< Previous
Bullboard Posts
Next >>