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 KnaveofDiamondson Jan 18, 2024 1:06pm

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Post# 35833969

Budget Stress tested to $50 WTI

Our disciplined capital budget for 2024 is expected to generate $1.8 billion of funds flow and $700 million of free funds flow after capital expenditures, based on current strip prices8 . We have also stress tested our budget down to US$50/bbl WTI and $3.00/GJ AECO to ensure that our dividend and maintenance capital are fully funded. Our balance sheet continues to strengthen with net debt currently less than $1.3 billion and decreasing to $1 billion in 2024 (Debt/EBITDA5 ratio of 0.5x) which provides us with significant financial flexibility for enhanced shareholder returns.

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Eminent acquires promising Nevada gold project