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Whitecap Resources Inc. (WCP.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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10.28-0.29 (-2.74%)
As of 01:25PM EDT. Market open.
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  • U
    The NCIB allows Whitecap to purchase up to 58,341,984 common shares (representing 10% of Whitecap's public float, as defined by the TSX, as of May 8, 2022) over a period of twelve months commencing on May 21, 2022. On May 8, 2022, Whitecap had 619,143,704 common shares outstanding and 583,419,841 common shares in its public float. The NCIB will expire no later than May 20, 2023. Under the NCIB, common shares may be repurchased on the open market through the facilities of the TSX, other designated exchanges and/or alternative Canadian trading systems and in accordance with the rules of the TSX governing normal course issuer bids. The total number of common shares Whitecap is permitted to purchase is subject to a daily purchase limit of 911,145 common shares, representing 25% of the average daily trading volume of 3,644,583 common shares on the TSX calculated for the six-month period ended April 30, 2022, however, Whitecap may make one block purchase per calendar week which exceeds such daily repurchase restrictions. Any common shares that are purchased under the NCIB will be cancelled upon their purchase by Whitecap.

    Whitecap believes that, at times, the prevailing share price does not reflect the underlying value of the common shares and the repurchase of its common shares for cancellation represents an attractive opportunity to enhance Whitecap's per share metrics and thereby increases the underlying value of Whitecap's common shares to its shareholders. The NCIB will be used as another tool to enhance total long-term shareholder returns and will be used in conjunction with management's discretionary funds flow allocation strategy.
  • c
    PE ratio at 2.6- standard at 9.8= 32$ SP= Patience
  • P
    I hope management is buying back shares at these discounted prices.
  • v
    Staying on course for long term investors reward is great the oils price above $100 companies makes profits. Tomorrow is another day be positive and patience. It will bounce back very fast once the price jump back higher.
  • a
    Oil only at 114. We can expect to see that divi increase to 0.42 by end of june. This is a 34% boost to existing planned sales price. 114-95 / (95 oil - 40 breakeven. )
  • c
    We all know it's nasty to pay 2$ a ltr. at the pump- Till we see our oil investments- Game is still early, get used to it
  • P
    Oil has broken out of the triangle consolidation on the daily WTI chart. $150 WTI now in play.

    These oil stocks are going to be printing money faster than Jerome powell.
  • m
    This market is crazy.

    Oil companies are printing money at these prices and the cost of a barrel of oil is now up $1.08 on the day while every energy stock I own is down between 2-3%. It seems like companies are tethered to the cost of oil only when it's going

    What is is going to take to see sustained gains in stock prices? Much higher dividend increases?
  • j
    Gaz prices will be our next joker all along the year and wcp capitalize more on that new deal increasing more and more there production this year. Patience will bring us money.
  • C
    It's a good quarter, no question...exceptional even...but I think most of the expectations are baked into the SP already. There were no surprises in the release. I wouldn't expect it to reach a 52 week high today.
  • -
    Now they are in Gas business wow this is $15 stock by September
  • P
    I'm always on the lookout for a good deal. Bought more at $9.45 today.
  • P
    Added to my position today, buy when the oil stocks are on sale.
  • c
    The money is piling up behind the scenes going forwards 18 months- and somebody sells? Only in Canada
  • w
    Spectacular earnings coming up, should be a div increase as well....up we go.
  • j
    Why is this stock alway so bad on down oil days. It’s worse today that an etf like HUC. I don’t get why we don’t at least benefit slightly from a stellar quarterly result.
  • C
    I really hope the stock market crashing doesn't affect WCPs earnings this week!
  • S
    Earnings of $0.80 per share vs consensus of $0.46 per share. Great cashflow. Oil up today. Now we wait...
  • j
    Tomorrow we will have goods news... Maybe shares buybacks again but I really hope dividend will be increase again because I'm long white WCP whit the oil price context and the high dividend slowdown my impatience mood.
  • D
    GREEN haters. Just buy and be happy. Added more earlier and will continue. $15-20 this year.