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Whitecap Resources Inc (WCP.TO)

WCP.TO on Toronto Stock Exchange

8.74CAD
22 Jun 2018
Change (% chg)

$0.64 (+7.90%)
Prev Close
$8.10
Open
$8.35
Day's High
$8.78
Day's Low
$8.31
Volume
2,894,774
Avg. Vol
2,074,669
52-wk High
$10.35
52-wk Low
$7.40

Latest Key Developments (Source: Significant Developments)

Whitecap Resources Inc. Receives TSX Approval For Renewed Normal Course Issuer Bid
Wednesday, 16 May 2018 

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 $0.0257 PER SHARE.WHITECAP RESOURCES INC - NCIB ALLOWS WHITECAP TO PURCHASE UP TO 20.9 MILLION COMMON SHARES OVER A PERIOD OF TWELVE MONTHS COMMENCING ON MAY 18, 2018.  Full Article

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

BRIEF-Whitecap Resources Reports Qtrly Loss Per Share $‍0.61​

* WHITECAP RESOURCES INC. ANNOUNCES FOURTH QUARTER, YEAR END 2017 RESULTS, 2017 RESERVES EVALUATION AND THE APPOINTMENT OF KEN STICKLAND AS BOARD CHAIRMAN