Post by
Wildfury on Apr 20, 2022 9:51am
TOP TSX ENERGY STOCKS-WCP
New article from Yahoo finance - Whitecap Resources (TSX:WCP) will release its numbers on April 28. It has already raised its Q1 2022 dividend by 33% and will pay $0.36 per share annually. Whitecap aims to boost its 2022 production by 17% year over year. So, higher production and sky-high prices will likely notably lift its earnings this year. Even after allocating higher towards capital expenditure, these companies are flush with cash. Notably, WCP expects a three-year cumulative free cash flow of $3.6 billion amid higher oil and gas prices. This will go towards debt repayments and dividends. WCP stock has gained 94% in the last 12 months. It yields a decent 3.2% at the moment. The stock will likely keep trading strongly with solid earnings growth potential, improving balance sheet, and favourable industry dynamics.
Comment by
1970Craig on Apr 20, 2022 2:04pm
5.6 B plus plus at 80 dollar oil !! This is discretionary cash flow . I believe the average price for 1st Q for WTI was $94 dollars. Yep 94. I am excited to see how this translates into earnings , because it will help me and all of us get a gauge on what this new pricing world means to the bottom line. C
Comment by
JohnnyDoe on Apr 20, 2022 3:12pm
94 in Q1 is based on calendar dates. You need to look at settlement dates. Go on the bte board, BayStreetWolfTO covers this extensively. His number for Q1 using contact settlement ates is 80.