Whitecap Resources: A Strong Q2 Despite Weaker Energy Prices

Group 1 - The investment strategy focuses on turnarounds in natural resource industries with a typical holding period of 2-3 years, emphasizing value for downside protection and upside participation [1][3] - The portfolio has achieved a compounded annual growth rate of 29% over the last 6 years, indicating strong performance in the sector [1] - The investing group targets companies with quality characteristics that are trading at depressed valuations, allowing for participation in the upside of natural resource investing while mitigating extreme drawdowns [3] Group 2 - Current focus is on natural resource industries due to favorable monetary and fiscal policies, underinvestment, and attractive valuations [3]