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 > Are we expecting an announcement on Monday?

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Comment by pierrelebelon Nov 13, 2022 10:20am

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Post# 35094706

RE:Are we expecting an announcement on Monday?

YES, I expect a dividend increase to be announced on Tuesday the 15th,
record Nov 30,
ex-dividend Nov 29,
payable Dec 15.

Based on their June 28th announcement, I also expect an increase of $0.01 to $0.012 monthly.

Based on the new 2% federal tax on stock buyback effective 2024, I expect management to avoid extra dividend and spend the extra free cash flow on stock buyback in 2023 (in addition to a regular dividend increase of $0.01/$0.015 in June).

Time will tell. So far, so good.

Patience has been and will continue to be rewarded for long term investors.

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