TODAYS MARKET CAP 5.89 BillionWCP Market Cap 5.89 Billion
MC=Share Price X Outstanding Shares
Outstanding Shares= Market Cap/Share Price
5.89 billion/ $9.12 todays close = 640,000,000 outstanding shares - rounded down.
If there was 600,000,000 shares outstanding, the share price would be $9.82
If there was 550,000,000 shares outstanding, the share price would be $10.71
Whitecap NCIB for 2021 was just under 30 million shares. They reclaimed 19 million shares in December and stated they had 7 million remaining and then they re-issued 15 million shares.
Above is why share dillution hurts us.