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.

TSX:WCP - Post by User

Whitecap Resources Inc > API

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Comment by Ocalamanon Sep 11, 2024 9:06am

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Post# 36218235

RE:RE:RE:API

while everyoen likes dividend increases this wont be the case for wcp as thier are sitting at close to 100% po ratio with the current dividend.and with the recent weakness in oil price probably over that ratio now. I prefer they stay the course and keep financially healthy rather than giving the farm away today for a poor outcome down th road.

They telegraphed thier intentions well on the call and gave the message to investors that a div increase is not in the cards for nthe forseeable future.I am happy they did that becuase its fiscally responsible and above board.

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