Co-produced with Trapping Value
Note: All amounts disclosed are in Canadian dollars unless indicated as USD
Whitecap Resources has rebounded from 2019 lows but still remains one of the best bets on energy. The current dividend yield is 7.7% and consumes just 21% of cash flow based on 2020 budget. Whitecap continues to focus on maintaining flexibility rather than pursuing growth. Fair value is significantly higher.
Whitecap Resources (OTCPK:SPGYF) is an intermediate oil and gas producer that we had recommended in early July. While the Canadian oil sector has been incredibly volatile, Whitecap