Post by
pierrelebel on Sep 12, 2022 2:58pm
September 28th, 2022
In a press release two weeks ago, Whitecap stated "...There is no change to our 2023 preliminary plans for production to average 168,000 – 174,000 boe/d on capital spending of $900 million to $1.1 billion and we plan to release our formal 2023 budget on September 28, 2022."
That is only two weeks away.
I expect there will be speculation that a dividend increase effective December will be announced at that time. As such, since the market is basically a discount mecanism, I expect WCP share price to slowly increase in anticipation of the announcement.
Comment by
jleer42 on Sep 12, 2022 4:00pm
Plan is to increase the dividend when total after-aquisition debt is below $1.8b. Originally aiming for Q4, I would expect current oil prices will push this out to early 2023
Comment by
1970Craig on Sep 13, 2022 4:56pm
I would love for this to be the case. I do agree the price should move a bit with the news forthcoming ! Maybe a Initial update on new asset and how it's preforming possibly ? Pierre always appreciate your posts C