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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 > We wait for divvy increase...
View:
Post by NonCredibleSrc on Oct 27, 2022 8:20am

We wait for divvy increase...

So it seems with 2.2 B net debt as at end of quarter we will wait until next quarter for divvy increase not what I think many of us were hoping for (myself included) but I think we CAN see the light.
Comment by barneyj44 on Oct 27, 2022 8:31am
I didn't expect a dividend increase this time around. They want to get the debt down to a comfortable postion (mid 23) then more money flows our way.
Comment by NonCredibleSrc on Oct 27, 2022 8:58am
Not complaining - just got my hopes up a little bit I think - but the reality is you are right and the Co needs to stay focussed on debt reduction until they hit targets indicated. Still paying 4.11% per year based on yesterday's closing price. By mid '23, assuming SP remains static (though I have little doubt it will rise) and $0.73 per share per year we would be looking at 6.9%. That ...more  
Comment by tollycraft on Oct 27, 2022 9:32am
  Dont get me wrong, I do think it's a good report however,I did expect some sort of increase or special dividend, so I'm not happy.  I'm getting  tired of hearing "On behalf of our employees, management team and Board of Directors, we would to thank our shareholdersfor their support".  We have all the risk here, we deserve better. I would just be curious ...more  
Comment by canaso14 on Oct 27, 2022 9:23am
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