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Whitecap Resources Inc (WCP.TO)

WCP.TO on Toronto Stock Exchange

3.64CAD
23 Aug 2019
Change (% chg)

$-0.23 (-5.94%)
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Volume
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Latest Key Developments (Source: Significant Developments)

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

Whitecap Resources Inc Announces Third Quarter 2018 Results
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Whitecap Resources Inc ::WHITECAP RESOURCES INC. ANNOUNCES RECORD FUNDS FLOW AND THIRD QUARTER 2018 RESULTS.WHITECAP RESOURCES INC - QTRLY EARNINGS PER SHARE $0.17.WHITECAP RESOURCES INC - INCREASED QTRLY AVERAGE PRODUCTION TO 75,529 BOE/D COMPARED TO 57,898 BOE/D IN Q3/17.WHITECAP RESOURCES INC - EXPECT AVERAGE ANNUAL PRODUCTION TO INCREASE TO 74,500 BOE/D ON FULL YEAR CAPITAL SPENDING OF APPROXIMATELY $450 MILLION.WHITECAP RESOURCES - NET DEBT AT END OF QUARTER WAS ABOUT $1.3 BILLION ON CREDIT CAPACITY OF $1.7 BILLION.  Full Article

Whitecap Resources Reports Qtrly Loss Per Share $‍0.61​
Wednesday, 28 Feb 2018 

Feb 28 (Reuters) - Whitecap Resources Inc ::WHITECAP RESOURCES INC. ANNOUNCES FOURTH QUARTER, YEAR END 2017 RESULTS, 2017 RESERVES EVALUATION AND THE APPOINTMENT OF KEN STICKLAND AS BOARD CHAIRMAN.WHITECAP RESOURCES INC QTRLY LOSS PER SHARE $‍0.61​.WHITECAP RESOURCES INC - QTRLY DILUTED FUNDS FLOW/SHARE $0.38.  Full Article

Whitecap Resources announces acquisition of world class enhanced oil recovery project
Monday, 13 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
Wednesday, 1 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

UPDATE 1-Alberta's smaller oil producers eye output boost after curbs lifted

WINNIPEG, Manitoba/CALGARY, Alberta, Aug 21 (Reuters) - S mall and mid-sized Alberta oil producers are looking to increase drilling as early as this autumn after the Canadian province exempted a dozen of them from government-mandated oil production cuts, boosting the struggling industry.