Bullboard - Stock Discussion Forum 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... see more

Add To Watchlist

TSX:WCP - Post Discussion

Whitecap Resources Inc > CIBC Notes

View:

Post by retiredcf on Oct 23, 2023 9:00am

CIBC Notes

You are welcome tc. GLTA

Whitecap Resources (WCP-TSX | OP, $15.00) reports after market on Wednesday October 25. Our Q3/23 production of ~157.9 MBoe/d and CFPS of $0.74 are in line with consensus of ~158.4 MBoe/d and $0.73, respectively. Whitecap recently increased its monthly dividend by 26% to $0.0608 per share, and we expect WCP to reach its net debt target of $1.3B before year end. Dividend increases will be aligned with production growth, which the company targets at ~5% annually (organically) with upside from opportunistic acquisitions. Whitecap allocates 75% of FCF towards shareholder returns, with base dividend and share buybacks as the preferred methods. WCP’s Q3/23 conference call will be held at 9:00 a.m. MT (11:00 a.m. ET) on Thursday October 26, 2023.

337

Comment

Comment by tollycraft on Oct 23, 2023 9:58am

Thanks again retiredcf. Going to get on that conferance call Thursday, looking forward to good news, after having said that, no real expectations for a price bump just the same. I like everything about this company and am staying patient, still looking for some gains early to late November and up from there thats of course as long as oil stays in the 88-92+ range GL. GLTA

201

Comment

Whitecap Resources Inc