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Bullboard - Stock Discussion Forum Whitecap Resources Inc T.WCP

Alternate Symbol(s):  SPGYF

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... see more

TSX:WCP - Post Discussion

Whitecap Resources Inc > Are we expecting an announcement on Monday?
View:
Post by newcoin on Nov 12, 2022 8:50pm

Are we expecting an announcement on Monday?

Are we expecting the next dividend announcement on Monday?
Are we expecting that the dividend will be raised? Is Monday the day we have a new level of dividends for WCP?
I think that might be the reason that WCP did so well on Friday. Looking forward to Monday.
Comment by biker222 on Nov 13, 2022 8:44am
Although they have been clear in next years expected dividends if you do a back of the envelope estimate of the additional cash flow brought on by the new wells and the steady state of "around 90 dollar oil" and strong gas prices- a special dividend would attract further outside interest. Something like spartans 50 cent special divi last week.  Also believe market expects $1 buck ...more  
Comment by pierrelebel on Nov 13, 2022 10:20am
YES, I expect a dividend increase to be announced on Tuesday the 15th, record Nov 30, ex-dividend Nov 29, payable Dec 15. Based on their June 28th announcement, I also expect an increase of $0.01 to $0.012 monthly. Based on the new 2% federal tax on stock buyback effective 2024, I expect management to avoid extra dividend and spend the extra free cash flow on stock buyback in 2023 (in addition ...more  
Comment by Davesnothere on Nov 13, 2022 3:26pm
No way Pierre. November dividend will remain @ 0.0367  payable in December. We need to get debt to 1.8 billion before the next bump. That said, in 9 months, when the NCIB goes into 'beast mode' WCP shareholders will be rewarded. jmho
Comment by pierrelebel on Nov 13, 2022 4:58pm
Davesnothere wrote "...We need to get debt to 1.8 billion before the next bump." We should be there in December 2022 (next month). The  June 28th press release stated: "Following the close of the Acquisition, our balance sheet will remain a priority with net debt milestones of $1.8 billion which we expect to achieve before year end 2022 and $1.3 billion which we expect to ...more  
Comment by NonCredibleSrc on Nov 14, 2022 8:19am
As much as I would love to hear an anouncement today or this week, I don't think we are there yet. When WCP hits the 1.8 bil debt mark I have all the faith in the world they will increase divs. I would expect at that point we will be upped to between 4 and 5 cents per share monthly (likely closer to 5). Timeline? Given today's outlook and notwithsatnding the sale of any assets, I am ...more  
Comment by 1970Craig on Nov 14, 2022 12:51pm
I think it's announced in December. So I am in the middle. If I am right it's not smart they said December.   So given management is usually , always ,   under promises and over delivers. That's a common theme        So in saying that ?  Maybe we get the announcement this week .  I am 50/50 as I type that it's this month or ...more  
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