TSX:WCP - Post Discussion
Post by
retiredcf on Oct 05, 2024 7:08am
Top Pick Details
Second stock in the clip. GLTA
https://www.bnnbloomberg.ca/video/shows/market-call/2024/10/04/michael-sprungs-top-picks-linamar-whitecap-resources-and-alaris-equity-partners-income-trust/
Whitecap Resources (WCP TSX)
Whitecap Resources Inc., an oil and gas company, focuses on the acquisition, development, and production of petroleum and natural gas assets in Western Canada. WCP is a leading intermediate growth plus yield company. Management is executing a five-year plan to increase production by about five per cent per year. Recent updates from the Montney and Duvernay have been encouraging. At current levels, the stock is very attractive with a price-to-earnings ratio of 8.1 times, price to cash flow ratio of 3.4 times and a yield of 7.3 per cent.
TOP PICK
Whitecap Resources(WCP-T)
04/10/2024
Believes energy is due for strength. Very good management team with high quality assets. Current share price presenting value for investors. Good at execution between drilling and M&A. Would recommend as a good long term investment. Dividend is also very safe for income oriented investors. CEO also has a lot of insider ownership.
Oil And Gas (Integrated Oils)
Michael Sprung
$10.920
Owned
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