We are launching coverage on Whitecap Resources, a top five oil and gas producer in Canada. After combining with Veren last year, it holds a strong multidecade inventory of oil- and condensate-rich wells.
Whitecap’s multidecade diverse asset portfolio gives it strategic optionality that smaller players lack. It can respond to changing conditions by investing in its varying oil, condensate, or gassy locations.
Natural gas production in search of condensates will suppress prices for the foreseeable future. Whitecap has few options to solve the problem without buying existing or backing new pipeline capacity out of the basin.
|
Metric
|
WCP
|
CNQ
|
OVV
|
|---|---|---|---|
Price/Earnings (Normalized) | 13.72 | 13.11 | 9.73 |
Price/Book Value | 1.88 | 3.00 | 1.44 |
Price/Sales | 2.63 | 2.69 | 1.63 |
Price/Cash Flow | 5.21 | 7.70 | 3.69 |
|
Metric
|
WCP
|
CNQ
|
OVV
|
|---|---|---|---|
Quick Ratio | 0.49 | 0.70 | 0.92 |
Current Ratio | 0.56 | 1.00 | 1.01 |
Interest Coverage | 11.29 | 17.73 | 1.71 |
|
Metric
|
WCP
|
CNQ
|
OVV
|
|---|---|---|---|
Return on Assets (Normalized) | 8.40% | 11.61% | 12.41% |
Return on Equity (Normalized) | 14.62% | 24.19% | 22.86% |
Return on Invested Capital (Normalized) | 12.11% | 18.70% | 16.15% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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United States