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Whitecap Resources Inc T.WCP

Alternate Symbol(s):  SPGYF

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

Comment by Citizen13on Jan 25, 2024 10:43am
214 Views
Post# 35844914

RE:RE:RE:RE:RE:RE:Acquirer or Acquireee?

RE:RE:RE:RE:RE:RE:Acquirer or Acquireee?There is a third reason for a dividend cut .  Irrational low share price and duration .  The price of WCP is irrational right now. And who is to say it wont get worse ?   Nothing to do with the commodity price as it is still very healthy, especially in CDN dollars.  Once again, I'm not saying this will happen, just saying it is possible.  No company  is going to tolerate a 10% ++++ dividend for too long.  And it doesnt need to get anywhere near $ 55 oil or whatever  price they promised it's good to.  Bad headlines can do the trick. The CRA can claw back hundreds of millions of dollars and the dividend will be cut faster than your head can spin.  If you disagree with this, well you just haven't been around long enough. 
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