Whitecap Resources Inc T.WCP

Beat?

[JamesT]

Am i missing something? EPS is 0.10 vs estimate of 0.34.

[Goldnorte]

JamesT exactly what I was thinking, I sold off most of my position today and I still think I was right to do so contrary to some of the posters out there.  I think the share price might collapse once divi time is past.

[itsalie]

so you sold too early?

[Divypro]

Earnings mean nothing in oil and gas companies due to swings in hedging gains or losses and depletion, depreciation. It's all about cash flow. They spent 28% of cash flow on dividends and around 120% of cash flow on dividends plus capex. These numbers are good because in qtr 2 they will underspend due to breakup. Results look great overall.

[MyHoneyPot]

They increase yearly productiion that will be an improvement in CF, and they spent a lot less capex than budgeted. They paid their dividend, and pretty well managed a quarter with low gas prices. 89 dollar oil, 34 dollar NGL's, and 2.60 gas. In 2023 gas was almost 1 dollar higher a MCF, oil was almost 3 dollars higher and ngls was almost 13 dollar higher.  Fantastic quarter with

[jleer42]

They lost $92 million on commodities contracts compared to a 2023 Q1gain of $41 million. Most of it is mark-to-market so changes in the value of current futures contracts. Basically, hedging is biting them in the butt. There is another $40 million loss on other commodity contracts, I'm not clear on exactly what yet, and a $75 million loss on asset dispositions.  Disappointing but the