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Whitecap Resources Inc (WCP.TO)

WCP.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Whitecap Resources Receives TSX Approval For Renewed Normal Course Issuer Bid
Friday, 15 May 2020 

May 14 (Reuters) - Whitecap Resources Inc ::WHITECAP RESOURCES INC. RECEIVES TSX APPROVAL FOR RENEWED NORMAL COURSE ISSUER BID AND CONFIRMS MONTHLY DIVIDEND FOR MAY OF $0.01425 PER SHARE.  Full Article

Whitecap Resources Inc. Announces First Quarter 2020 Results And Total 2020 Reductions Of $300 Million
Thursday, 30 Apr 2020 

April 30 (Reuters) - Whitecap Resources Inc ::WHITECAP RESOURCES INC. ANNOUNCES FIRST QUARTER 2020 RESULTS AND TOTAL 2020 REDUCTIONS OF $300 MILLION.WHITECAP RESOURCES INC - QTRLY LOSS PER SHARE $5.17.WHITECAP RESOURCES INC - QTRLY PETROLEUM AND NATURAL GAS REVENUES $264.3 MILLION VERSUS $343.2 MILLION.WHITECAP RESOURCES INC - EXITED QUARTER WITH NET DEBT AT $1.27 BILLION WITH $500 MILLION OF UNUSED CREDIT CAPACITY AVAILABLE.WHITECAP RESOURCES INC - QTRLY AVERAGE DAILY PRODUCTION 73.5 MILLION BOE/D VERSUS 70.7 MILLION BOE/D.  Full Article

Whitecap Announces Actions To Fortify Balance Sheet And Strengthen Position
Wednesday, 18 Mar 2020 

March 17 (Reuters) - Whitecap Resources Inc ::WHITECAP ANNOUNCES ACTIONS TO FORTIFY BALANCE SHEET AND STRENGTHEN POSITION.WHITECAP RESOURCES INC - ELECTING TO REDUCE OUR 2020 CAPITAL PROGRAM TO $200 - $210 MILLION.WHITECAP RESOURCES- APPROVED REDUCTION TO MONTHLY DIVIDEND PER SHARE FROM CANADIAN $0.0285 TO $0.01425, EFFECTIVE FOR APRIL DIVIDEND PAYABLE IN MAY.WHITECAP RESOURCES INC - NOW EXPECT TO ONLY SPEND $5 - $7 MILLION PER MONTH FOR REMAINDER OF YEAR.WHITECAP RESOURCES - AVERAGE PRODUCTION IN 2020 IS NOW EXPECTED TO BE 67,000 - 68,000 BOE/D COMPARED TO 71,000 - 72,000 BOE/D PREVIOUSLY, A DECREASE OF 6%.WHITECAP RESOURCES INC - WILL USE $70 MILLION OF CASH RETAINED ANNUALLY FROM DIVIDEND REDUCTION TO FURTHER STRENGTHEN OUR FINANCIAL POSITION.WHITECAP RESOURCES INC - ENDED 2019 WITH APPROXIMATELY $580 MILLION OF LIQUIDITY AND NO NEAR-TERM DEBT MATURITIES THROUGH 2022.  Full Article

Whitecap Resources Qtrly Funds Flow Per Share Of $0.45
Thursday, 27 Feb 2020 

Feb 27 (Reuters) - Whitecap Resources Inc ::WHITECAP RESOURCES INC. ANNOUNCES 2019 FOURTH QUARTER / YEAR END RESULTS AND 2019 RESERVES EVALUATION.WHITECAP RESOURCES INC - QTRLY FUNDS FLOW PER SHARE OF $0.45.WHITECAP RESOURCES INC - PRODUCTION AVERAGED 74,651 BOE/D IN Q4, AN INCREASE OF 2%.WHITECAP RESOURCES INC - CORPORATE AVERAGE PRODUCTION GUIDANCE FOR 2020 OF 71,000 – 72,000 BOE/D REMAINS UNCHANGED..WHITECAP RESOURCES INC - QTRLY PETROLEUM AND NATURAL GAS REVENUES $369.2 MILLION VERSUS $272.4 MILLION.WHITECAP RESOURCES INC - QTRLY LOSS PER SHARE $0.50.WHITECAP RESOURCES INC - NOW EXPECT CAPITAL EXPENDITURES IN 2020 TO BE $350 - $370 MILLION EXCLUDING THE CORPORATE ACQUISITION.  Full Article

Whitecap Resources Inc. Announces Third Quarter 2019 Results And 2020 Budget
Thursday, 31 Oct 2019 

Oct 31 (Reuters) - Whitecap Resources Inc ::. ANNOUNCES THIRD QUARTER 2019 RESULTS AND 2020 BUDGET.Q3 EARNINGS PER SHARE C$0.10.Q3 FFO PER SHARE C$0.37.Q3 EARNINGS PER SHARE VIEW C$0.08 -- REFINITIV IBES DATA.Q3 PETROLEUM & NATURAL GAS REVENUE C$331.3 MILLION VERSUS C$446.0 MILLION LAST YEAR.Q3 REVENUE VIEW C$325.2 MILLION -- REFINITIV IBES DATA.PRODUCTION AVERAGED 68,255 BOE/D IN Q3 2019 VERSUS 75,529 BOE/D IN Q3 2018.WHITECAP RESOURCES - BOARD APPROVED 2020 CAPEX OF C$360 MILLION TO $380 MILLION; SEES 2020 AVERAGE PRODUCTION OF 71,000 - 72,000 BOE/D.  Full Article

Whitecap Resources Cuts 2019 Second Half Capital Expenditures Program By 17%
Tuesday, 27 Aug 2019 

Aug 26 (Reuters) - Whitecap Resources Inc ::WHITECAP RESOURCES INC. STRENGTHENS BALANCE SHEET - ADJUSTS 2019 CAPITAL EXPENDITURES.WHITECAP RESOURCES INC - REDUCING COMPANY'S 2019 SECOND HALF CAPITAL EXPENDITURES PROGRAM BY 17% TO $250 MILLION FROM $300 MILLION.WHITECAP RESOURCES INC - 2019 AVERAGE PRODUCTION GUIDANCE OF 70,000 TO 72,000 BOE/D REMAINS UNCHANGED.WHITECAP RESOURCES - FY 2019 CAPITAL EXPENDITURE PROGRAM NOW ANTICIPATED TO BE $400 MILLION WHICH IS $50 MILLION LOWER THAN OUR PREVIOUS GUIDANCE OF $450 MILLION.WHITECAP RESOURCES - ANTICIPATE GROWING PRODUCTION 6% TO 74,000 TO 75,000 BOE/D IN Q4 OF 2019 FROM Q2 AVERAGE PRODUCTION OF 70,611 BOE/D.WHITECAP RESOURCES - BELIEVE REDUCTION TO 2019 CAPITAL PROGRAM "IS PRUDENT GIVEN CONTINUING U.S. / CHINA TRADE WARS AND RECESSIONARY CONCERNS IN 2020".WHITECAP RESOURCES INC - FIXED $200 MILLION OF BANK DEBT FOR FIVE YEARS.  Full Article

Whitecap Resources Inc Announces Second Quarter 2019 Results And Appointment Of Director
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - Whitecap Resources Inc ::WHITECAP RESOURCES INC. ANNOUNCES SECOND QUARTER 2019 RESULTS AND APPOINTMENT OF DIRECTOR.WHITECAP RESOURCES INC - BRAD WALL HAS BEEN APPOINTED TO WHITECAP BOARD OF DIRECTORS EFFECTIVE JULY 30, 2019.WHITECAP RESOURCES INC - QTRLY EARNINGS PER SHARE $0.08.WHITECAP RESOURCES INC - QTRLY PETROLEUM AND NATURAL GAS REVENUES$3.75 MILLION VERSUS $4.33 MILLION.  Full Article

Whitecap Resources Inc Receives TSX Approval For Renewed Normal Course Issuer Bid
Thursday, 16 May 2019 

May 16 (Reuters) - Whitecap Resources Inc ::WHITECAP RESOURCES INC. RECEIVES TSX APPROVAL FOR RENEWED NORMAL COURSE ISSUER BID AND CONFIRMS MONTHLY DIVIDEND FOR MAY OF $0.0285 PER SHARE.  Full Article

Whitecap Resources Reports Q1 Loss Per Share Of $0.13
Wednesday, 1 May 2019 

May 1 (Reuters) - Whitecap Resources Inc ::. ANNOUNCES FIRST QUARTER 2019 RESULTS AND 5.6% DIVIDEND INCREASE.QTRLY LOSS PER SHARE $0.13.QTRLY FUNDS FLOW WAS $0.39 PER SHARE.QTRLY AVERAGE PRODUCTION OF 70,666 BOE/D, DOWN 3 PERCENT.WILL BE ABLE TO ACHIEVE FULL YEAR PRODUCTION TARGET OF 70,000 - 72,000 BOE/D.SEES Q4 AVERAGE PRODUCTION OF 77,000 - 79,000 BOE/D.BOARD OF DIRECTORS HAS APPROVED A 5.6% INCREASE TO MONTHLY DIVIDEND TO $0.0285 PER SHARE.FY2019 EARNINGS PER SHARE VIEW C$0.30, REVENUE VIEW C$1.28 BILLION -- REFINITIV IBES DATA.Q1 EARNINGS PER SHARE VIEW C$0.07, REVENUE VIEW C$295.9 MILLION -- REFINITIV IBES DATA.  Full Article

Whitecap Resources Forecasts Production of 88,000 - 90,000 BOE/d Over Next 3 Years
Tuesday, 18 Dec 2018 

Dec 18 (Reuters) - Whitecap Resources Inc ::ANNOUNCES 2019 CAPITAL BUDGET AND OUTLOOK TO 88,000 - 90,000 BOE/D OVER NEXT THREE YEARS.APPROVED A $425 MILLION- $475 MILLION CAPITAL BUDGET FOR 2019.2019 CAPITAL BUDGET OF $425 - $475 MILLION INCLUDES DRILLING 220 (191.5 NET) WELLS FOR PRODUCTION ADDITIONS.WHITECAP RESOURCES - 2019 CAPITAL PROGRAM AND ANNUAL DIVIDEND OF $0.324 PER SHARE IS EXPECTED TO BE FULLY FUNDED BY INTERNALLY GENERATED FUNDS FLOW.2H/2019 CAPITAL BUDGET IS EXPECTED TO DELIVER Q4/2018 TO Q4/2019 PRODUCTION PER SHARE GROWTH OF 6%.  Full Article