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 > Possible course correction for WCP

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Post by Davesnothereon Apr 07, 2023 2:10pm

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Post# 35384778

Possible course correction for WCP

Given the currently low WCP share price, management may have decided to use Free Funds for

buybacks NOW.

Then, in 2H 2023, foreseeing higher prices for WTI, aim at paying down the debt LATER than originally planned.

So we would reach debt target of 1.3B in Q4 2023.

Then we will have fewer shares outstanding collecting higher dividends beginning 2024.

Good idea !

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