|Bid||2.2200 x 0|
|Ask||2.2300 x 0|
|Day's Range||2.1200 - 2.2400|
|52 Week Range||0.7300 - 5.7100|
|Beta (5Y Monthly)||3.25|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul. 30, 2020|
|Forward Dividend & Yield||0.17 (8.03%)|
|Ex-Dividend Date||Jun. 29, 2020|
|1y Target Est||2.93|
Oil stocks have been terrible investments for years. The good news is that even a small investment in a stock like Whitecap Resources Inc. (TSX:WCP) could double. You can collect dividends while you wait for the stocks to take off.The post Value Investors: 2 Oil Stocks That Are Set to Soar appeared first on The Motley Fool Canada.
CALGARY, AB , June 15, 2020 /CNW/ - Whitecap Resources Inc. (WCP.TO) released its 2020 Environmental, Social and Governance (ESG) Report on our website today, demonstrating our commitment to sustainable growth and industry leadership.
Vermilion Energy (TSX:VET)(NYSE:VET), Inter Pipeline (TSX:IPL), and Whitecap Resources (TSX:WCP) were among the 15 energy stock to cut the dividend in Q1. Are they buys?The post 15 Energy Stocks That Cut the Dividend in Q1 appeared first on The Motley Fool Canada.
Buy Forntera Energy Corp. (TSX:FEC) and Whitecap Resources Inc. (TSX:WCP) to profit when oil rallies and Canadian oil stocks rebound.The post 2 Canadian Oil Stocks to Buy Today and Profit in 2021 appeared first on The Motley Fool Canada.
CALGARY, May 14, 2020 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX:WCP.TO - News) announces that the Toronto Stock Exchange (the "TSX") has accepted the notice of Whitecap's intention to commence a normal course issuer bid (the "NCIB"). Whitecap previously purchased an aggregate of 6,255,100 common shares at a weighted average price per share of $4.40 under a normal course issuer bid that runs between May 21, 2019 to May 20, 2020. The NCIB allows Whitecap to purchase up to 20,406,799 common shares (representing 5% of its 408,135,989 outstanding common shares as of May 8, 2020) over a period of twelve months commencing on May 21, 2020.
TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (14,811.56, up 66.52 points.)Bombardier Inc. (TSX:BBD.B). Industrials. Up 3.5 cents, or 7.07 per cent, to 53 cents on 17.5 million shares.Cenovus Energy Inc. (TSX:CVE). Energy. Up 37 cents, or 7.79 per cent, to $5.12 on 13.1 million shares.Suncor Energy Inc. (TSX:SU). Energy. Down 45 cents, or 1.9 per cent, to $23.28 on 10.5 million shares.MEG Energy Corp.(TSX:MEG). Energy. Up 47 cents, or 16.15 per cent, to $3.38 on 10.2 million shares.Whitecap Resources Inc. (TSX:WCP). Energy. Up one cent, or 0.56 per cent, to $1.80 on 8.9 million shares.Air Canada (TSX:AC). Industrials. Down 62 cents, or 3.52 per cent, to $17.01 on 8.1 million shares.Companies in the news:SNC-Lavalin Goup Inc. (TSX:SNC). Down 39 cents to $23.49. SNC-Lavalin Goup Inc. says Kevin Lynch plans to step down as chairman of the board of directors once a successor has been chosen by the board. The engineering firm says the process for choosing a replacement will be led by the board's governance and ethics committee, and that Lynch has asked that it be completed by no later than September. SNC has been working to set a new strategic direction in recent months including the addition of several new senior executives and changes on its board of directors.George Weston Ltd. (TSX:WN).Up 65 cents to $99.20. The parent company of baked-goods manufacturer Weston Foods saw sales from food service clients, such as restaurants, slashed in half amid dining room closures as governments work to contain the COVID-19 pandemic. The company, whose operating arms include Weston Foods, Loblaw Companies Ltd. and Choice Properties Real Estate Investment Trust, did not see its businesses significantly impacted from a financial perspective by the outbreak during its first quarter, which ended March 21, said CEO Richard Dufresne. Its profit available to common shareholders totalled $582 million for the first quarter compared with a $488-million loss a year earlier.MEG Energy Corp. — Shares in oilsands producer MEG Energy Corp. surged amid strengthening oil prices after it reported it would cut its capital spending plan for a second time in two months. The Calgary-based company said it now expects its capital spending to total $150 million in 2020, down from an estimate of $200 million in March and $250 million in its original guidance released late last year. Salaries are being reduced across the company as of June 1, MEG said, with a 25 per cent cut to CEO Derek Evans' annual base salary and to board member cash compensation.Heroux-Devtek Inc. (TSX:HRX). Down 15 cents to $10.51. Heroux-Devtek Inc. says it will reduce its workforce by 10 per cent, or about 225 employees, due to falling demand in the commercial aerospace market due to the COVID-19 pandemic. About 125 of the job cuts are in Quebec, where Heroux-Devtek has its head office and largest operations. It says the former Alta Precision plant will also close. The company manufactures landing gear for military and civilian aircraft.Enbridge Inc. (TSX:ENB). Up 50 cents to $43.06. Analysts say an Enbridge Inc. plan to use an idled leg of its Mainline pipeline system to store surplus Western Canadian oil will help offset lower volumes on the system as U.S. refineries buy less oil to match lower demand. Enbridge has applied to the Canada Energy Regulator for permission to use a portion of its Line 3 pipeline in Saskatchewan and Manitoba to store about 900,000 barrels of oil starting June 1. The pipeline is scheduled to be decommissioned next year after it was replaced by a new segment that came into service late last year.This report by The Canadian Press was first published May 5, 2020.The Canadian Press
The latest analyst coverage could presage a bad day for Whitecap Resources Inc. (TSE:WCP), with the analysts making...
Absurd as it may sound, but the Baytex stock, TORC stock, and Whitecap stock are all at risk of dropping to zero. COVID-19 and plunging oil prices are brutally beating the oil and gas sector in Canada.The post 3 Oil Stocks at High Risk of Dropping to ZERO appeared first on The Motley Fool Canada.
Canadian oil stocks are extremely attractively valued, making now the time to buy Parex Resources Inc. (TSX:PXT) and Whitecap Resources Inc. (TSX:WCP).The post Oil Price Crash 2020: 2 Top Canadian Oil Stocks to Buy Today appeared first on The Motley Fool Canada.
CALGARY — Oil producer Whitecap Resources Inc. says it is planning for "involuntary shut-ins" of production as North American crude storage levels threaten to exceed capacity and commodity prices remain at low levels.The Calgary-based company announced Thursday it has decided to shut down low profitability wells producing about 2,000 barrels of oil equivalent per day but is confident it can pull as much as 50,000 boe/d off the market if buyers can no longer be found for it."Our team has been busy planning for the potential for involuntary shut-ins due to the pending storage constraints in North America," said CEO Grant Fagerheim on a conference call."Our objective, if we are forced to shut in, is to do this in a methodical manner starting with the lowest netback assets with consideration given to cost and ease of startup, operational constraints, technical reservoir considerations and current marketing commitments."Oil production cutbacks are expected to grow to between 1.1 million and 1.7 million barrels per day in Canada during the current and next quarter, according to an analysis published Wednesday by RBC Capital Markets.It expects U.S. production shut-ins of 1.5 million to three million bpd could occur as supply exceeds demand stalled by actions taken to limit the spread of the COVID-19 pandemic.RBC calculates about 373,000 bpd of oil and petroleum liquids have been shut-in in Canada so far, with 246,000 bpd of that from the oilsands.Whitecap reported Wednesday a $2.1-billion net loss for the quarter ended March 31 thanks to a $2.9-billion non-cash writedown in the value of its assets due to low oil prices.The news followed similar losses and impairment charges announced earlier this week by oilsands producers Husky Energy Inc. and Cenovus Energy Inc. and conventional Canadian and international operator Vermilion Energy Inc.Benchmark U.S. West Texas Intermediate crude oil prices have plunged by 75 per cent since the beginning of 2020.Whitecap said it expects to produce about 66,000 boe/d this year. It recorded production of 73,450 boe/d in the first quarter, up from 70,660 in the same period of 2019.Whitecap also announced a further reduction of $20 million in its capital spending budget this year, dropping it to $190 million compared with the original $360 million.Analysts counted Whitecap's first quarter production and cash flow of $132 million (versus $161 million in the year-earlier period) as slightly beating or meeting their expectations.Its shares rose to $1.80, up 23 cents or 14.6 per cent, at noon on the Toronto Stock Exchange.This report by The Canadian Press was first published April 30, 2020.Companies in this story: (TSX:WCP)Dan Healing, The Canadian Press
TORONTO , April 30, 2020 /CNW/ - Trading resumes in: Company: Whitecap Resources Inc. TSX Symbol: WCP Resumption (ET): 10:33:11 AM IIROC can make a decision to impose a temporary suspension (halt) of trading ...
CALGARY , April 30, 2020 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to report its operating and unaudited consolidated financial results for ...
Canadian oil stocks are extremely attractively valued, making now the time to buy Surge Energy Inc. (TSX:SGY), Whitecap Resources Inc. (TSX:WCP), and Frontera Energy Corp. (TSX:FEC).The post 3 Contrarian Canadian Oil Stocks on Sale to Buy Today appeared first on The Motley Fool Canada.
It has been a brutal five years for oil investors. Nothing seems to go right for very long. Right now, stocks like Whitecap Resources Inc. (TSX:WCP) are so cheap that even a small investment may pay off big in the long run.The post Oil Collapse: 1 Cheap Stock for Commodity Addicts appeared first on The Motley Fool Canada.
CALGARY , April 15, 2020 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX: WCP) announces that it intends to release its 2020 first quarter results before market open on Thursday, April 30, ...
CALGARY, April 9, 2020 /CNW/ - Whitecap Resources Inc. ("Whitecap") (TSX:WCP.TO - News) announces that its annual and special meeting of holders of common shares scheduled for Wednesday, April 22, 2020 at 9:00 a.m. (Calgary time) at the Calgary Petroleum Club will be changed to a virtual meeting to be held at the same time and on the same date. As the City of Calgary and the Province of Alberta have declared a state of public health emergency, and to support efforts to combat the spread of COVID-19, Whitecap has made the decision to change its in person annual and special meeting to a virtual format. Shareholders will not be able to attend the annual and special meeting in person.
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.
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.