![]() Services available through White Cap include pre-bid assistance, product submittals, value engineering, rentals (tilt-up braces, forming/shoring, and equipment), rebar fabrication including detailing and engineering, and tool repair. ![]() HD Supply White Cap services contractors with specialty construction and safety supplies including concrete accessories and chemicals, tools and equipment, engineered materials and fasteners, fall protection, climbing, jobsite safety and personal protection equipment, rebar, forming lumber, and erosion and waterproofing products. Customers will have the opportunity to take advantage of supplier specials and demonstrations and meet co-founder of Orange County Choppers, Paul Jr., who will unveil the new White Cap-SKILSAW motorcycle. The company will host a grand opening celebratory customer event on April 24 at the new Norcross location. Whitecap is the opposite.HD Supply White Cap, distributor of specialty hardware, tools and safety supplies for large and medium-sized professional contractors, announced the grand opening of its new headquarters and regional offices, including a branch and distribution center with over 128,000 square feet located at 6250 Brook Hollow Parkway, Norcross, Ga.Īdding to the existing national platform of 140 locations, recent new HD Supply White Cap branches include: Memphis, Tenn., Columbus, Ga., Stoughton, Mass., North Bergen, N.J., West Palm Beach and Miami, Fla. Some names you should absolutely underwrite a half-dozen value destruction scenarios given management track record of generally doing stupid things. On a timeline basis, it’s my opinion that most people think out 2-3 years with Whitecap (and frankly, many other names) while totally discounting, or ignoring what the goal, and eventual outcome is (a much larger business that has compounded over the years). This complements their land positioning excellently, really, it’s a great setup. Looking at the guidance for 2022, we see Whitecap predicting production moving to 130,000 to 132,000 barrels per day with CapEx between 510 - 530 million. Next year Whitecap will spend $70m on Kakwa development, including water build out, and their third party associated gas plants sit around 60% utilization, while their operated infrastructure hovers around 70% full. Join the WhiteCap Search team See Our Latest Jobs 5. ![]() Not to discount small milestones and tiny wins - what are large successes but a summation of tiny wins (and small wins give us something to look forward to) - but perhaps people miss the 2026-2030+ story for Whitecap, in favour of looking forward to IP rates beating expectation - insignificant milestones on a long horizon. WhiteCap Search promotes bi-annually, and rewards high-performance with autonomy and upward mobility. They now have the land and skill to enjoy their long runway. They have built themselves a very good jumping-off platform. Post-XTO, their RLI is one of the best among peers, as shown below. Unlike other PDP weighted names like Journey, and Surge which are (for the most part) operating, and incrementally improving legacy assets (less capital intensive both on a remaining cycle/life, and acquisition basis), Whitecap has a vast land base they will continue to exploit. The fact is, Whitecap is one of the longest duration liquids-weighted conventional names in Canada and their recent acquisitions (think back to NAL, Torc, and more recently XTO Canada) have have given them the runway and cushioning to comfortably grow organically, while waiting for opportunities in the A&D market. It’s not a dividend name, and it’s not a single well bet, more abstractly - it’s one of, if not the only Canadian SMID on the market that has a real chance at crossing solidly into that ‘large cap’ territory, and competing with Tourmaline. But it’s more than a 5% yield and 64% liquids, it’s a bet on Grant, and the team, to deliver something great inside the next decade, and shareholders looking to the short term flags like slight type-curve beats, or small dividend increases, end up missing the forest for the trees. Its current form, and where it’s going don’t exactly reconcile at first glance, and thus it gets placed in a bucket with other mostly oil-weighted producers, and middle of the road dividend payors. I honestly think Whitecap is misunderstood. Whitecap is a leading custom software solutions provider in Toronto, helping organizations of all sizes to reimagine and transform their businesses for the digital future.
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