The Globe and Mail reports in its Friday, May 1, edition that Scotia Capital analyst Kevin Fisk has reaffirmed his "sector outperform" recommendation for Whitecap Resources. The Globe's David Leeder writes in the Eye On Equities column that Mr. Fisk elevated his share target to $19 from $17. Analysts on average target the shares at $16.25. Mr. Fisk says in a note: "Q1/26 CFPS came in 14 per cent higher than consensus due to strong realized prices, a 4-per-cent production beat, lower opex and lower hedging losses. 2026 production guidance increased 2 per cent due to solid operational execution throughout the portfolio. Management noted the Karr plug-and-perf (P&P) pilot has been successful, which will lead to lower well costs. Whitecap is one of our mid-cap top picks and we believe the company is a solid choice for investors looking for Montney exposure following the ARX sale. We believe the ramp up of Lator Phase 1 in Q4/26 will be a catalyst for the stock as well as continued opex/capex improvements and solid operational execution. On strip the company trades at an attractive 2026 DAFCF yield of 12 per cent compared to a peer average of 8 per cent. We expect a positive share price reaction."
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