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

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Post by retiredcfon Nov 17, 2023 7:21am

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Post# 35740646

BMO

BMO Capital Markets analyst Randy Ollenberger advises clients to get excited about cash returning to shareholders in the oil and gas sector,

“Getting excited for higher returns. We expect the Canadian oil and gas group to generate $36.4 billion (10.6-per-cent yield) of free cash flow in 2024 at the current strip [ futures prices], and return $27.8 billion of that to shareholders (8.1-per-cent yield). We continue to expect CNQ to be the first amongst its peers to reach its net debt floor and officially begin allocating 100% of free cash flow to shareholders. We would also highlight IMO’s strong potential ... On the natural gas side, TOU and ARX remain committed to returning the vast majority of their free cash flow next year”

Mr. Ollenberger has “outperform ratings” on: