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 > WCP - WHATS NEXT

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Comment by jleer42on Oct 16, 2022 3:13pm

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Post# 35027859

RE:RE:RE:RE:RE:RE:RE:RE:WCP - WHATS NEXT

The way to derisk is pay down debt which is their current focus.

There are currently small buybacks happening with more directed towards the dividend. The goal is, by 2024, to have 75% of FCF returned 50/50 as buybacks and dividends.

You never want a share consolidation, it doesn't help the financials, but it does signal declining stock prices. Just not a good idea.

Spanito wrote: Folks is anyone concerned with the 625 million shares outstanding?
Shouldn't we be talking about a share consolidation or an aggresive share buyback program?
Geeeez, drunken cowboys quickly forget about the bad times when Oil tanks.
Don't count out USA (Biden) in tanking oil. Let's remove risks going forward.

Something has to halppen here. Do a 4 to 1 share consolidation with the current dividend payouts, and let's cruise nice and steady for the time being. work on debt as well.

Spanito