Whitecap Resources Inc T.WCP

Alternate Symbol(s): SPGYF

Energy Oil & Gas E&P

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.

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Whitecap Resources Inc > Down 47 cents since dividend increase

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Comment by riskion May 25, 2021 5:03pm

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Post# 33264622

RE:Down 47 cents since dividend increase

Exactly. All that retail excitement and fanfare for a $0.00125 increase in the monthly dividend. A fraction of a penny. The dividend increase was followed by a 50 cent drop in the share price which will take 33 years of dividend payments for the paltry new increase to offset the subsequent share price decline.

*Slow clap*

It was just optics and gamesmanship. If they were in a position to meaninfully increase the dividend, they would have done so.