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Whitecap Resources Inc (WCP.TO)

WCP.TO on Toronto Stock Exchange

9.11CAD
17 Nov 2017
Change (% chg)

$0.14 (+1.56%)
Prev Close
$8.97
Open
$9.07
Day's High
$9.20
Day's Low
$9.03
Volume
1,328,719
Avg. Vol
1,354,387
52-wk High
$12.90
52-wk Low
$8.41

Latest Key Developments (Source: Significant Developments)

Whitecap Resources announces acquisition of world class enhanced oil recovery project
Tuesday, 14 Nov 2017 

Nov 13 (Reuters) - Whitecap Resources Inc :Whitecap Resources Inc. announces acquisition of world class enhanced oil recovery project, $425 million financing, dividend increase of 5% and significantly enhanced free funds flow.Whitecap Resources - Entered into an agreement to purchase light oil assets in southeast saskatchewan for cash consideration of $940 million​.Whitecap Resources - Deal to be funded with a $92.5 million non-brokered private placement, $332.5 million bought deal equity financing​.Whitecap Resources-Deal includes 62.1% operated working interest in weyburn unit, 200 boe/d of production from minor assets in Southeast Saskatchewan​.Whitecap Inc - ‍In 2018, pro forma acquisition, co is set to deliver 14 - 16% production per share growth and 25% funds flow per share growth​.Whitecap Resources Inc - ‍Whitecap's credit facilities are anticipated to increase to $1.7 billion upon closing of acquisition​.Whitecap Resources -‍ Board approved additional 5% increase to monthly dividend to $0.0257 per share effective for January 2018 dividend​.Whitecap Resources Inc sees ‍2018 FFO per share post-deal $1.66​.Whitecap Resources Inc - Sees ‍2018 post-acquisition average production 73,600 boe/d - 74,800 boe/d ​.Whitecap Resources says ‍non-brokered private placement of 10.5 million subscription receipts at $8.80/subscription receipt for gross proceeds of $92.5 million.  Full Article

Whitecap Resources reports Q3 shr $0.01
Thursday, 2 Nov 2017 

Nov 1 (Reuters) - Whitecap Resources Inc :Whitecap resources inc. Announces third quarter 2017 results, 2018 per share growth and 5% dividend increase within funds flow.Whitecap resources inc qtrly ‍ petroleum and natural gas sales $232.9 million versus $178.5 million​.Whitecap resources inc - qtrly ‍shr $0.01​.Whitecap resources inc - ‍average production for quarter increased by 18% (17% per share) to 57,898 boe/d (82% oil and ngls)​.Whitecap resources inc - ‍ now forecasting a 2017 total payout ratio of 89% and $52 million of free funds flow​.Whitecap resources-recently identified in elnora nisku oil pool that natural aquifer is not fully supporting northeastern portion of pool as estimated​.Whitecap resources - board of directors has approved 2018 base capital budget of $370 million to $390 million which includes drilling of 240 (210.4 net) wells​‍.Whitecap resources - ‍ proactively limited production rate from elnora nisku oil pool with increasing and readjusting our water injection volumes​.  Full Article

Whitecap Resources Q2 FFO per share $0.29
Friday, 5 Aug 2016 

Whitecap Resources Inc : Whitecap Resources Inc. announces second quarter 2016 results . Q2/2016 production averaged 40,388 boe/d, 5% higher than co's forecast of 38,500 boe/d . Qtrly FFO per share $0.29 .Whitecap Resources Inc says remain on track to meet 2016 average production guidance of 45,300 boe/d.  Full Article

Whitecap Resources says are on track to meet 2016 annual production guidance of 45,300 boe/d
Thursday, 23 Jun 2016 

Whitecap Resources Inc : Whitecap resources inc says are on track to meet 2016 annual production guidance of 45,300 boe/d . Says with closing of acquisition, whitecap's borrowing base has a lending value of approximately $1.3 billion . Says elected to maintain credit facility at current $1.1 billion .Whitecap resources inc says in 2017 based on us$55 /bbl wti, anticipate growing funds flow per share by 11% and production per share by 19%.  Full Article

Husky Energy sells certain assets for $595 million
Wednesday, 11 May 2016 

Husky Energy Inc : Husky Energy sells southwest Saskatchewan assets for $595 million . Reached an agreement for sale of select assets in southwest saskatchewan to Whitecap Resources .Divested assets currently produce approximately 11,600 barrels of oil equivalent per day.  Full Article

Whitecap Resources buys oil assets for $595 mln, raises 2016 production forecast
Wednesday, 11 May 2016 

Whitecap Resources Inc: Whitecap resources Inc. announces acquisition of high quality low decline oil assets, $470 million financing and increased 2016 guidance . Says deal valued at $595 million . Entered into an agreement to purchase premium oil assets in Western Canada . Acquisition will be funded through a concurrent $470 million bought deal financing and Whitecap's existing credit facilities . After giving effect to financing, acquisition is accretive on key measures including 11% on total proved plus probable reserves . After giving effect to financing, acquisition is accretive 12% on 2017 funds flow and production per share . Sees 2016 average production 45,300 boe/d . Underwriters agreed to buy on a bought deal basis, 51.1 million subscription receipts at price of $9.20 per subscription receipt .Pre-acquisition forecast for 2016 average production was 39,500 boe/d.  Full Article

Whitecap Resources Inc increases FY 2016 production guidance
Tuesday, 23 Feb 2016 

Whitecap Resources Inc:Says that as a result of recent results at Boundary Lake, Whitecap has increased its production guidance for FY 2016, by 5% to 38,800 boe/d from the previous 37,000 boe/d.  Full Article

Whitecap Resources Inc confirms monthly dividend for february of $0.0375 per share
Wednesday, 17 Feb 2016 

Whitecap Resources Inc:Says cash dividend of C$0.0375 per common share in respect of February operations will be paid on March 15, 2016 to shareholders of record on February 29.  Full Article

Whitecap Resources Inc confirms monthly dividend for January of $0.0625 per share
Friday, 15 Jan 2016 

Whitecap Resources Inc:Announces that a cash dividend of C$0.0625 per common share in respect of January operations will be paid on February 16, 2016 to shareholders of record on January 31, 2016.  Full Article

Whitecap Resources Inc confirms monthly dividend
Wednesday, 16 Dec 2015 

Whitecap Resources Inc:Says cash dividend of C$0.0625 per common share in respect of December operations.Payable on January 15, 2016 to shareholders of record on December 31.  Full Article

BRIEF-Whitecap Resources announces acquisition of world class enhanced oil recovery project

* Whitecap Resources Inc. announces acquisition of world class enhanced oil recovery project, $425 million financing, dividend increase of 5% and significantly enhanced free funds flow