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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

Post by retiredcfon Oct 15, 2022 8:19am
877 Views
Post# 35026459

Ink Research

Ink ResearchFrom yesterday's Globe & Mail. GLTA

Insiders buy as Whitecap Resources looks to the future


Whitecap Resources Inc. (Friday’s close US$6.9810) has its eye on reducing debt and upping cash returns to shareholders. Based on assumed oil & gas prices, Whitecap hopes to reduce net debt to $1.8-billion by the end of 2022. If successful, it could consider boosting its dividend. In 2023, the company expects to produce midpoint of 171,000 barrels of oil equivalent a day (64-per-cent liquids). Meanwhile, we continue to see insider accumulation that includes chief executive officer Grant Fagerheim buying 25,000 shares with an average price of $8.61 between Aug. 16 and Sept. 26.

Ted Dixon is CEO of INK Research, which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
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