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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
Comment by orlandoflon May 16, 2019 8:22am
202 Views
Post# 29751477

RE:WCP Time to Reward Shareholders

RE:WCP Time to Reward Shareholders
PeterLavalle38 wrote: ICYMI

https://bit.ly/2WN87SO


nice - from the article you posted

The NCIB allows Whitecap to purchase up to 20,657,914 common shares (representing 5% of its 413,158,293 outstanding common shares as of May 7, 2019) over a period of twelve months commencing on May 21, 2019. The NCIB will expire no later than May 20, 2020. Under the NCIB, common shares may be repurchased in open market transactions on the TSX and other alternative trading platforms in Canada and in accordance with the rules of the TSX governing NCIB's. The total number of common shares Whitecap is permitted to purchase is subject to a daily purchase limit of 600,321 common shares, representing 25% of the average daily trading volume of 2,401,285 common shares on the TSX calculated for the six-month period ended April 30, 2019, however, Whitecap may make one block purchase per calendar week which exceeds the daily repurchase restrictions.  Any common shares that are purchased under the NCIB will be cancelled upon their purchase by Whitecap.
Bullboard Posts