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 > Da Silva's Comments

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Comment by Davesnothereon Jul 14, 2022 2:28pm

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Post# 34824854

RE:RE:RE:Da Silva's Comments

pierrelebel wrote:
Totally agree Pierre

I am a shareholder, unhappy of course with the share price but quite satisfied with the growing yield, with more to come This Year and next!

navajojoe wrote "...With interest rates just on cash now above 5%, a 4.2% dividend is NOT attractive..."

Question: where do you get a 5% interest rate on cash?

Next question: do you take the dividend tax credit into account when comparing returns on interest and "eligible" dividends?

Last question: are you aware that WCP has already accounced that the monthly dividend payment will be increased by 22% to $0.0367 effective with the August 15th payment?

LINK to announcement

Conclusion. With a dividend of $0.0367 monthly = $0.44 annual = 5.5% tax advantaged yield with the shares trading at $8.00

I am a shareholder, unhappy of course with the share price but quite satisfied with the growing yield, with more to come next year!