If you’re just producing things out and harvesting out your business, I don’t think you’ve got a long-term sustainable business. “And this is where modest growth matters. “We will always have to grow somewhat,” he added. Get the latest Whitecap Resources Inc (WCP) real-time quote, historical performance, charts, and other financial information to help you make more informed. With the ongoing focus of companies to pay down debt and return money to shareholders, there’s been far less emphasis on growing production in the industry this year than during past energy price spikes.įagerheim said Whitecap is committing to deleveraging and returning more money to investors but also sees the need to pursue measured growth for the longer term. Whitecap is expected to increase its overall development capital spending next year by 35 per cent to about $1 billion, while total company production climbs to between 168,000 to 174,000 boe per day. “But relative to what they paid, I can go buy similar or higher quality assets at a cheaper price tag, just because of how mispriced the small-cap and mid-cap Canadian energy stocks remain.” It’s pushed the total value of Canadian industry M&A to an estimated $4.5 billion, down from $11.1 billion in the first half of 2021.Įarlier this month, Cenovus Energy agreed to buy BP’s stake in the Sunrise oilsands assets for $600 million in cash - and a contingent variable payment of up to $600 million - while Vermilion Energy announced in March it would buy Leucrotta Exploration for $530 million. Whitecap Resources Inc (WCP) Stock Price & News - Google Finance Home WCP TSE Whitecap Resources Inc Follow Share 10. ![]() Those that have good inventories of opportunities into the future should be rewarded.”Īs oil and gas prices have surged this year following Russia’s invasion of Ukraine, merger and acquisition activity in the Canadian oilpatch has been relatively quiet, although it’s picked up steam recently.Īccording to data from Sayer Energy Advisors, the XTO deal is the largest acquisition of the year. The Company is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and. “I believe so strongly that energy is going to be needed, utilized, from an energy security perspective … moving forward. about all aspects of OSHA Recordkeeping and share some helpful resources. This advertisement has not loaded yet, but your article continues below. helpful training resources that will ensure you stay ahead of the curve. Our premium asset base allows us to pair sustainable long-term growth with a disciplined risk. Manage Print Subscription / Tax Receipt.Whitecap Resources may also be known as or be related to WHITECAP RESOURCES INC, WHITECAP RESOURCES INC., Whitecap Resources, Whitecap Resources Inc, Whitecap Resources Inc., Whitecap Resources, Inc. (WCP.TO) Toronto - Toronto Real Time Price. The data presented on this page does not represent the view of Whitecap Resources and its employees or that of Zippia. (WCP.TO) Stock Price, News, Quote & History - Yahoo Finance Whitecap Resources Inc. None of the information on this page has been provided or approved by Whitecap Resources. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. ![]() Complete supplier, worksite and workforce management is. ![]() The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. ComplyWorks is a global leader in providing compliance management and risk management solutions. The employee data is based on information from people who have self-reported their past or current employments at Whitecap Resources. Zippia gives an in-depth look into the details of Whitecap Resources, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Whitecap Resources.
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