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 > For the record

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Comment by Davesnothereon Jun 29, 2022 5:58pm

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Post# 34792067

RE:RE:For the record

You are confusing the price of oil with the price of WCP shares and the calculus of WCP dividends.

Big shareholders and Short fund managers can sell enough shares to drive down the price for a moment with no relationship to either WTI or the dividend. Means nothing in the long term.

See you next year Db4U. Zero guarantee that we will get there. But I can guarantee that if we do get there, we will have consumed a lot of oil & gas.

yum

Dogsbreakfast4U wrote:

Davesnothere wrote: The current divi is .03 month or .36 year.

WCP plans to increase that to .73 / year in 3 stages before this time next year.

First stage next month, Second stage before year end 22 , Third stage before end of June 23.

just saying...

There is ZERO guarantee that this will happen if oil goes down significantly. The US midterms are in a few months and do not underestimate the demonrats and their puppet master to "engineer" something to crash the oil price before then. There is no way the board will rise the dividend if the share price goes down to $5 which is what we will see if oil goes to even $90!