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.

TSX:WCP - Post by User

Whitecap Resources Inc > Noted: X DATE is FRIDAY OCT 28th

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Comment by 1970Craigon Oct 25, 2022 6:37pm

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Post# 35048250

RE:RE:RE:RE:RE:Noted: X DATE is FRIDAY OCT 28th

pierrelebel wrote:
tollycraft wrote: "...Even going to a 4 cent dividend from 3.67 is hardly worth the applause...."

Last June, when announcing the axquisition of XTO Energy, management stated:
"Following the close of the Acquisition, our balance sheet will remain a priority with net debt milestones of $1.8 billion which we expect to achieve before year end 2022 and $1.3 billion which we expect to achieve in the first half of 2023. We are targeting additional dividend increases of $0.12 - $0.15 per share annually on achieving each net debt milestone, resulting in a total targeted annualized dividend of $0.73 per share."

From the current $0.44 to the eventual $0.73 next year we get an increase to about $0.58 ($0.048 monthly) this year and to $0.73 by the end of Q2 in 2023.

I expect the announcement this Thursday.