CEO Grant Fagerheim on BNN Today IN CONVERSATION WITH WHITECAP’S CEO
We often hear these days (forcefully so, in the case of Eric Nuttall) that returning capital to shareholders needs to be prioritized over growth in the energy sector. Whitecap Resources, however, is trying to achieve both. It’s still fresh off last week’s news about paying $1.9 billion to acquire XTO Energy Canada from Imperial Oil and Exxon, while immediately demonstrating the payoff from the deal by hiking its dividend, and laying the groundwork for sharing even more of its wealth over the coming years. CEO Grant Fagerheim joins us at 1:30 p.m. to flesh out the rationale for the deal and perhaps shed some light on what he’s been hearing from institutional investors.