Q: I'm thinking of entering into a position in Whitecap Resources. Thoughts on this as an entry point and how does it compare with the prospects of the industry as a whole?
5i Research Answer:
We like the valuation and growth profile. At 7X earnings it is a bit pricier than some, but we think it is one of the better names. Results will likely decline this year with pricing. We would be comfortable at $9.50.