Whitecap Resources Inc T.WCP

Alternate Symbol(s): SPGYF

Energy Oil & Gas E&P

Whitecap Resources Inc. is a Canadian clean energy company. The Company is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. Its core areas include the West Division and East Division. Its West Division is comprised of three regions: Smoky, Kaybob and Peace River Arch (PRA). The properties in its Smoky region include Kakwa and Resthaven, all located in Northwest Alberta. The primary reservoir being developed is the Montney resource play, mainly comprised of condensate-rich natural gas. Kaybob is located in the Fox Creek region of Northwest Alberta. The primary reservoir being developed is the Duvernay resource play, mainly comprised of condensate-rich natural gas. The PRA is its original asset area. Its East Division is comprised of four regions: Central AB, West Sask, East Sask and Weyburn. Its Central Alberta region represents the bulk of its Cardium and liquids-rich Mannville assets.

TSX:WCP - Post by User

Whitecap Resources Inc > NO dividend increase

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Comment by NonCredibleSrcon Dec 16, 2022 2:55pm

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Post# 35176524

RE:RE:RE:RE:RE:NO dividend increase

I should restate - not completely...

The part ost seem to be missing is that the shareholder returns were told to be 2 stage.

Stage 1 - reaching 1.8 B in 2022 FY which triggers a 25-30% div increase.

Stage 2 - reaching $1.3B next fiscal, at which time they are looking to increase returns to be 75% of FCF

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