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Whitecap Resources Inc T.WCP

Alternate Symbol(s):  SPGYF

Whitecap Resources Inc. is an oil-weighted growth 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

Bullboard Posts
Post by topcheddon Dec 22, 2015 10:11am
197 Views
Post# 24404394

Divy

DivyDIVIDEND ""We are comfortable in maintaining our current monthly dividend of $0.0625/share through Q1/2016. Whitecap will reevaluate the dividend on a quarterly basis, taking into account net debt, cost of services, capital efficiencies, current production and the commodity price outlook for the remainder of 2016. Whitecap does not have a dividend reinvestment program and we remain focused on ensuring the dividend is fully funded through internally generated cash flow. ..yield is currently 8.4% ..it is a touch high but not uncomfortably high ..if the SP can stay above $7 and change the divy ..I don't own WCP however im very close to initiating a position ..they cut cap ex but not by a huge about and they didn't eliminate cap ex like many many companies have. This combined with the responsible mgmt, non drip and true divy model ..this company is one you want to own if you are long oil imho
Bullboard Posts