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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

Comment by pierrelebelon May 16, 2022 5:33pm
318 Views
Post# 34687530

RE:RE:June 15th Dividend

RE:RE:June 15th Dividend
luckyturtle asked "Do you own a lot of shares?"

Yes. My wife and I own thousands of shares in WCP as part of a well diversified portfolio

"What's a good dividend yield?  "

A growing yield - based on increased profits and cash flow - is more appealing to me that a just a "high" rate.
Looking in the rearview mirror, WSP increased their monthly dividends in the last year with the April 15th, 2021 payment, followed with another increase with the July 15th, 2021 payment, followed by another increase paid November 15th, 2021 and, finally, the most recent increase to $0.03 per share starting with the April 18th 2022 payment.

I expect WCP to pay $0.07 to $0.09 per month by the end of next year.


Patience will be rewarded.
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