Post by
jleer42 on Sep 05, 2023 7:06pm
Top Pick on BNN Morning Markets
Nice to see WCP coming up with generalist investors, Mike Vinokur in this case. He spoke about how the dividend is safe down to $50 and its recent increase as promised, the huge FCF at these levels, and the XTO aquisition. He likes the XTO aquisition and how WCP stuck to lowering the debt associated with the aquisition. I haven't heard of him before, but the WCP shoutout is nice. Next up tomorrows API report.
https://www.bnnbloomberg.ca/video/why-one-portfolio-manager-is-a-big-fan-of-whitecap-resources~2760731
Comment by
biker222 on Sep 06, 2023 8:05am
yep, nice to be sitting at 52 week highs with dividend increase AND the recent Russia and Saudit production cuts extending for rest of 23. What a position to be. ( i added a bit at the 9 handle) nice to see this playing out. biker
Comment by
retiredcf on Sep 06, 2023 11:27am
The interesting thing about this pick was that he is not a fan of the energy sector as a whole. His selection of WCP was strictly company specific. GLTA