SPGYF - Whitecap Resources: Infrastructure Deal Multiple Adds To Bull Thesis On 6.8% Yielder
2024-07-05 15:27:04 ET
Summary
- We had given four reasons in our previous article as to why Whitecap would outperform Suncor.
- While both stocks have delivered about 20% in total returns in six months, Suncor has still nudged ahead.
- We examine the recent asset sale and tell you why it resets the clock back to January.
In our last coverage of Whitecap Resources ( WCP:CA ), we compared the company to Suncor Energy ( SU:CA ). We came away with four reasons why Whitecap was a better investment, and we thought it would outperform Suncor over the next couple of years. While we own both, we were exclusively buying Whitecap over Suncor around that time with fresh cash. So far, while neither stock has done badly, Suncor is still winning. But this is a good problem to have. We rather have this happen where both stocks we own have done so well and outperformed the TSX Composite by large margins, rather than win our relative bet. The two have even kept up with the unbreakable AI bubble....
Whitecap Resources: Infrastructure Deal Multiple Adds To Bull Thesis On 6.8% Yielder