WCP.TO - Whitecap Resources Inc.

Toronto - Toronto Delayed Price. Currency in CAD
1.4200
+0.0100 (+0.71%)
As of 2:10PM EDT. Market open.
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Previous Close1.4100
Open1.5800
Bid1.4200 x 0
Ask1.4300 x 0
Day's Range1.3300 - 1.6400
52 Week Range0.7300 - 5.9800
Volume6,226,711
Avg. Volume4,151,456
Market Cap581.659M
Beta (5Y Monthly)2.05
PE Ratio (TTM)N/A
EPS (TTM)-0.3800
Earnings DateApr. 29, 2020
Forward Dividend & Yield0.34 (24.26%)
Ex-Dividend DateMar. 29, 2020
1y Target Est2.87
  • Baystreet

    This Company’s Dividend Is Just One Example Of Unsustainable Yields Today

    At the time of writing, Whitecap Resources (TSX:WCP), a mid-cap company operating in Canada's ...

  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (12,687.74, down 683.43 points.)Aurora Cannabis Inc. (TSX:ACB). Health care. Up 20 cents, or 15.87 per cent, to $1.46 on 27.6 million shares.Bombardier Inc. (TSX:BBD.B). Industrials. Down 5.5 cents, or 10.78 per cent, to 45.5 cents on 23.3 million shares.Cenovus Energy Inc. (TSX:CVE). Energy. Down 31 cents, or 11.65 per cent, to $2.35 on 18.3 million shares.TC Energy Corp. (TSX:TRP). Energy. Down $2.80, or 4.59 per cent, to $58.21 on 11.6 million shares.Whitecap Resources Inc. (TSX:WCP). Energy. Down 17 cents, or 15.18 per cent, to 95 cents on 10.6 million shares.Suncor Energy Inc. (TSX:SU). Energy. Down $1.54, or 8.57 per cent, to $16.43 on 9.3 million shares.Companies in the news:Transat AT. (TSX:TRZ). Up 51 cents, or 5.7 per cent, to $9.49. The Competition Bureau says Air Canada's proposed acquisition of Transat AT Inc., which owns Air Transat, likely will hinder competition and result in less choice for Canadian travellers. In a report delivered to Transport Minister Marc Garneau, the watchdog says eliminating the rivalry between the two carriers would result in higher prices, fewer services and ultimately less travel by Canadians on a range of competing routes.Magna International Inc. (TSX:MG). Down 19 cents to $44.90. Magna International Inc. has withdrawn its 2020 outlook because of the "high degree of business uncertainty" caused by the COVID-19 pandemic. The Aurora, Ont.-based auto parts company says many of its plants, particularly in North America and Europe, have reduced or suspended operations as auto companies have scaled back because of the outbreak. The company says its operations in China are also still ramping up and below levels expected earlier this year, after an extended downtime in February.Reitmans (Canada) Ltd. (TSX:RET.A). Down 3.5 cents, or 7.9 per cent, to 40.5 cents. Reitmans (Canada) Ltd. is laying off 90 per cent of its Canadian retail store workers and 30 per cent of its Montreal head office employees after closing stores amid the spread of COVID-19. The company, which employs about 7,000 people, says that nearly all of its Canadian retail store workers at its five chains will be out of work effective Sunday. The head office layoffs take effect Monday. Reitmans, which closed its 587 stores March 17, says it's asking remaining employees to contribute to on-going cost-saving initiatives.Molson Coors Beverage Co. (TSX:TPX.B). Down $1.155 to $54.90. Molson Coors Beverage Co. says it is withdrawing its financial outlook for the 2020 financial year and beyond due to uncertainty about the impacts of the ongoing COVID-19 outbreak. The company released its guidance on Feb. 12, and its outlook for the 2020 year included a flat to low-single digit decrease of net sales revenue on a constant currency basis.Quebecor Inc. (TSX:QBR.B). Down 17 cents to $29.90. Quebecor Inc. says it has temporarily laid off 10 per cent of its workforce as it deals with the impact of COVID-19. The Quebec-based telecommunications and media company employs more than 10,000 people in Canada. The company says the suspension of non-essential businesses has curtailed the operations of many of its partners and led to a significant slowdown in some parts of its operations. Quebecor says it will top up the government assistance to cover 95 per cent of the salary of employees with an annual salary under $54,200.This report by The Canadian Press was first published March 27, 2020.The Canadian Press

  • Baystreet

    Oil Prices Drag TSX Lower

    Canada's main stock index futures were lower on Wednesday as oil prices hit a 17-year low. The TSX ...

  • CNW Group

    Whitecap Announces Actions to Fortify Balance Sheet and Strengthen Position

    CALGARY , March 17, 2020 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") is employing proactive measures in response to current market conditions and the sharp decline in global commodity prices. Whitecap has persevered through previous commodity price cycles and will continue to focus on a strategy that protects the business, our balance sheet and liquidity and to provide returns to our shareholders. The current crude oil price weakness has significantly reduced the expected returns from our 2020 capital program and, therefore, we have immediately reduced our capital spending in order to protect shareholder value.

  • Spring breakup slowdown offers needed pause for hard-hit drilling industry
    The Canadian Press

    Spring breakup slowdown offers needed pause for hard-hit drilling industry

    CALGARY — It's a "glass half-full" way of looking at a crisis but as plunging oil prices cast a shadow over oil and gas companies in Western Canada, the drilling industry is already slowing down because of the weather.Each year in mid-March, melting snow and ice prompt local authorities to impose weight limits on roads to prevent damage caused by the movement of heavy equipment, such as drilling rigs, a season known as spring breakup.Rig owners lay off operating staff and use the break, which varies from two or three weeks to two months or more, to maintain equipment and prepare for the summer drilling season."It's not by design but it's fortuitous. We're right at the end of our first-quarter capital program," Grant Fagerheim, CEO of Calgary-based producer Whitecap Resources Inc., said in an interview."We have spent between $160 million and $165 million — and we'll have completed (quarterly) spending by next Monday as we're coming into spring breakup."Oil prices were already falling because of fears the novel coronavirus would slow global energy demand when a price war erupted between major producers Saudi Arabia and Russia after they failed to agree on an extension to their output cuts.Crude oil futures were trading for less than US$30 per barrel on Monday, down from more than US$50 at the end of February.Fagerheim said spring breakup this year will provide a pause to allow the international chaos to settle down.He said he has assured his 157 office workers in Calgary and 120 field staff their jobs are safe for this year.But the rest of Whitecap's $370-million 2020 capital budget stands to be reduced if oil prices are still low when breakup ends."If you're a glass half-full kind of guy, that's one way to be positive ... It gives E&Ps (exploring and producing companies) a little more time to make an informed decision," conceded oilfield services analyst Tim Monachello of AltaCorp Capital.But he added spring drilling activity will be reduced even more than usual this year, pointing out AltaCorp is forecasting a 31 per cent decline in the average working rig count in Canada for the rest of 2020 even if the U.S. oil price rebounds to an average of US$41.50 per barrel."We'll end Q1 probably better than many people anticipated, but I think the concern is, is this industry going to come to life again after breakup?" said CEO Mark Scholz of the Canadian Association of Oilwell Drilling Contractors."That's going to be the big concern."He said there are certain to be layoffs as rigs are idled — the industry estimates each rig employs about 20 crew members and supports as many as 175 direct and indirect jobs.In its 2020 forecast in November, the Canadian Association of Oilwell Drilling Contractors predicted 4,905 wells would be drilled in Canada this year, a slight increase over 2019 but less than half the 11,226 wells drilled in 2014.Scholz said it's impossible to know now how much that forecast will need to be revised but it will almost certainly be adjusted lower.This report by The Canadian Press was first published March 16, 2020.Companies in this story: (TSX:WCP) Dan Healing, The Canadian Press

  • Oil Stocks: Expect More Dividend Cuts
    The Motley Fool

    Oil Stocks: Expect More Dividend Cuts

    Oil Stocks are under pressure and Vermilion Energy's (TSX:VET)(NYSE:VET) dividend cut is just the beginning. The post Oil Stocks: Expect More Dividend Cuts  appeared first on The Motley Fool Canada.

  • CNW Group

    IIROC Trading Halt - WCP

    IIROC Trading Halt - WCP

  • Thomson Reuters StreetEvents

    Edited Transcript of WCP.TO earnings conference call or presentation 27-Feb-20 4:00pm GMT

    Q4 2019 Whitecap Resources Inc Earnings Call

  • CNW Group

    Whitecap Resources Inc. Announces 2019 Fourth Quarter / Year End Results and 2019 Reserves Evaluation

    CALGARY , Feb. 27, 2020 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and audited financial results for the quarter and ...

  • Why It Might Not Make Sense To Buy Whitecap Resources Inc. (TSE:WCP) For Its Upcoming Dividend
    Simply Wall St.

    Why It Might Not Make Sense To Buy Whitecap Resources Inc. (TSE:WCP) For Its Upcoming Dividend

    Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...

  • CRA 2020 Tax Adjustment: Increase Your $931 Tax Relief to $20,000
    The Motley Fool

    CRA 2020 Tax Adjustment: Increase Your $931 Tax Relief to $20,000

    Tax-reliefs that add money to your pocket can be converted to tax-free earnings. You can purchase the cheaper Whitecap Resources stock and Diversified Royalty stock and make the most of the 2002 tax adjustment.

  • CNW Group

    Whitecap Resources Inc. Announces 2019 Fourth Quarter and Year End Results Conference Call / Webcast and Confirms Monthly Dividend for February of $0.0285 Per Share

    Whitecap Resources Inc. Announces 2019 Fourth Quarter and Year End Results Conference Call / Webcast and Confirms Monthly Dividend for February of $0.0285 Per Share

  • Is Whitecap Resources Inc. (TSE:WCP) At Risk Of Cutting Its Dividend?
    Simply Wall St.

    Is Whitecap Resources Inc. (TSE:WCP) At Risk Of Cutting Its Dividend?

    Is Whitecap Resources Inc. (TSE:WCP) a good dividend stock? How can we tell? Dividend paying companies with growing...

  • Bargain Investors: 3 Cheap Canadian Energy Stocks
    The Motley Fool

    Bargain Investors: 3 Cheap Canadian Energy Stocks

    Lower energy prices are your opportunity to buy these dividend stocks, including Canadian Natural Resources (TSX:CNQ)(NYSE:CNQ) on the cheap!

  • 2 Undervalued Oil Stocks Yielding +7% to Buy Today
    The Motley Fool

    2 Undervalued Oil Stocks Yielding +7% to Buy Today

    Vermilion Energy Inc. (TSX:VET)(NYSE:VET) and Whitecap Resources Inc. (TSX:WCP) are too cheap to ignore, making now the time to buy.

  • TFSA Investors: A Tax-Free 6% Yield and Big Upside Potential
    The Motley Fool

    TFSA Investors: A Tax-Free 6% Yield and Big Upside Potential

    Whitecap Resources Inc. (TSX:WCP) has a fantastic monthly dividend and the potential for sharp capital gains in the future, which makes it a perfect TFSA stock.

  • Buy This Oil Stock Today to Lock In a +6% Yield and Profit in 2020
    The Motley Fool

    Buy This Oil Stock Today to Lock In a +6% Yield and Profit in 2020

    Buy Whitecap Resources Inc. (TSX:WCP) and profit from higher oil.

  • ‘Sweeping generalizations’ on oil and gas investment breeds Western alienation
    Yahoo Finance Canada

    ‘Sweeping generalizations’ on oil and gas investment breeds Western alienation

    Brad Wall is calling on institutional investors to avoid “sweeping generalizations” about Canada’s energy sector as a growing number of asset managers prioritize climate change. 

  • CPP Pension Users: 2 Reasons to NOT Delay Your CPP Until 70
    The Motley Fool

    CPP Pension Users: 2 Reasons to NOT Delay Your CPP Until 70

    Whether you decide to take out your CPP early or late, it would be advantageous to own Rogers Sugar stock and Whitecap Resources stock to have a retirement cash flow.

  • CNW Group

    Whitecap Resources Inc. Confirms Monthly Dividend for January of $0.0285 Per Share

    Whitecap Resources Inc. Confirms Monthly Dividend for January of $0.0285 Per Share