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Posted by
Two Blokes Apr 28 -
Filed in
Stock
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I sold all oil stocks to buy a large position in Whitecap Resources, driven by the strong Whitecap-Veren merger and its resilience. Whitecap's Q1 results were solid, with production beating guidance and strong funds flow, despite Capex frontloading. The merger's synergies and cost reductions lower the breakeven price to $47/bbl, making the 9% dividend yield sustainable even under stress.
