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Bullboard - Stock Discussion Forum 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... see more

TSX:WCP - Post Discussion

Whitecap Resources Inc > 18-36 months out
View:
Post by Wildfury on Jul 01, 2022 3:05pm

18-36 months out

The recent acquisition of XTO resources was not what all Whitecap holders wanted but down the road they've set up the company to be a major player in Canada. By end of next year, 18 months from now they expect the debt to be 800 million again. The 2000 plus tier one drilling locations along with a 500% increase in acreage in prime Alberta properties of 670,000 plus acres with a gas processing facility that's already up and running. Within the next few years Whitecap will be over the 200,000 bpd production with a very nice mix of oil, condensate, Nat gas, NGL. Its going to be a longer wait but I believe it will pay off not to mention the divy by next year will be as stated at 73 cents per share annually, equaling approximately 7 cents per share per month. Tourmaline, Arc have done this also by take overs, it's just time that we have to wait for but it's coming, patience will be rewarded to all longs, happy Canada day all.
Comment by navajojoe on Jul 01, 2022 4:33pm
This post has been removed in accordance with Community Policy
Comment by Davesnothere on Jul 01, 2022 4:37pm
Well said Wildfury. Our WCP monthly dividend will increase substantially beginning next month and again before year end and again during H1 2023. We have those stages to look forward to while the company pays for this acquisition.  Then Whitecap will be in a different league. Both the share price and the divi will be more than double what they are today with 75% of FCF coming back to ...more  
Comment by tollycraft on Jul 01, 2022 8:55pm
Agreed, well said wildfury, I admit I was looking for a quicker return and 18 months down the road was'nt in my plans however no choice but to wait it out, I certainly agree its a good investment though. GLTA