Whitecap Resources Inc T.WCP

Should be a great time to add before numbers come out

[barneyj44]

Looking back at our recent acquisitions they are looking pretty sweet. 
From Dec. 6 news release

The Acquisitions will increase 2022 discretionary funds flow after capital and dividends by $80 million or 10% per share at US$65/bbl WTI and C$3.50/GJ AECO by adding approximately 9,000 boe/d (67% liquids) to our average production in 2022 and further improving our long-term sustainability by adding 345 (257.5 net) top tier drilling locations. The combined purchase price of the Acquisitions is $342.5 million, consisting of approximately 15.2 million Whitecap shares at a weighted average price of $7.20 per share and approximately $240 million of cash.

Whitecap is also pleased to continue to advance our return of capital strategy with the repurchase of 19.2 million shares at a price of $6.95 per share for total value of $133.7 million returned to shareholders. The repurchase was executed by way of a block trade under our normal course issuer bid ("NCIB"). We now have 7.1 million shares remaining on our current NCIB and intend to renew the NCIB for another year when it expires on May 20, 2022.

[stocktalk]

Hang on to your shares the next earnings release will be substancial !!!

[morzine]

you're right ! and we should also consider the shortage in all commodities, including oil, according to Goldman sachs : Goldman Sachs Sees Shortage On All Commodity Markets | OilPrice.com

[goldens]

I'm expecting a dividend increase announced with the financials. I think the market was expecting one at the last report and that is why we aren't much higher already. Not complaining mind you and I think the management is making all the right moves but now with oil staying well above $70 they can safely increase it.

[jollynik6]

When does WCP report   Thanks

[Al42]

Feb.24th