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 > TD on PPL/TPZ Deal

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Comment by pierrelebelon Jul 03, 2024 6:48pm

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Post# 36117296

RE:RE:RE:RE:RE:RE:RE:RE:TD on PPL/TPZ Deal

"Why wouldn't he use that cash to pay the debt down then?"

He explained on TV that about $300 million would go to reduce the debt (saving millions in interest charges) and about $200 million would go to buyback about 3% of the shares (raising the share price in the process).

In other words a little bit for everyone. I am OK with that.

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