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 > Break Even Cost Per barrel?

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Comment by InvestSmarteron Sep 06, 2024 9:10pm

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Post# 36212813

RE:RE:Break Even Cost Per barrel?

Thank you. I have confirmed this from the Q2 Earnings Transcript:

Thanks for that question there Patrick. Yes. As we go through the list of returns back to shareholders here the dividend at that $0.73 they're sustainable down $50 WTI. The yield from our perspective is too high. So there's certainly no rush for us to increase the dividend at this time. The priority would be around share buybacks. And that's why we've allocated the $200 million towards buying back our shares.