18-36 months out
The recent acquisition of XTO resources was not what all Whitecap holders wanted but down the road they've set up the company to be a major player in Canada. By end of next year, 18 months from now they expect the debt to be 800 million again. The 2000 plus tier one drilling locations along with a 500% increase in acreage in prime Alberta properties of 670,000 plus acres with a gas processing facility that's already up and running. Within the next few years Whitecap will be over the 200,000 bpd production with a very nice mix of oil, condensate, Nat gas, NGL. Its going to be a longer wait but I believe it will pay off not to mention the divy by next year will be as stated at 73 cents per share annually, equaling approximately 7 cents per share per month. Tourmaline, Arc have done this also by take overs, it's just time that we have to wait for but it's coming, patience will be rewarded to all longs, happy Canada day all.