Issue 23 – Time to Surf the Whitecap


Issue 23 – Time to Surf the Whitecap

The recent strength in oil prices and weakness in the Canadian dollar has solidified Palos’ thesis that many of the Canadian energy names remain undervalued. The one that stands out is Whitecap Resources (TSX: WCP). This company has a robust balance sheet, profitable growth, strong management team, and has increase its dividend to 32 cents per year equating to a 3.48% yield. WCP also has one of the lowest decline rates in the sector at approximately 20%.

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