Last C$18.55 CAD
Change Today +1.34 / 7.79%
Volume 7.2M
WCP On Other Exchanges
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As of 4:00 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

whitecap resources inc (WCP) Snapshot

Open
C$17.50
Previous Close
C$17.21
Day High
C$18.63
Day Low
C$17.50
52 Week High
07/7/14 - C$18.71
52 Week Low
08/27/13 - C$11.00
Market Cap
4.5B
Average Volume 10 Days
3.1M
EPS TTM
C$0.52
Shares Outstanding
244.6M
EX-Date
08/27/14
P/E TM
35.7x
Dividend
C$0.75
Dividend Yield
3.62%
Current Stock Chart for WHITECAP RESOURCES INC (WCP)

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whitecap resources inc (WCP) Details

Whitecap Resources Inc. is engaged in the acquisition, development, optimization, and production of crude oil and natural gas in western Canada. Its oil and natural gas properties include the Valhalla North property located in the Peace River Arch area of Alberta; Deep Basin properties, including Karr and Elmworth that are located southwest of Grande Prairie, Alberta; and the Lucky Hills property located in West Central Saskatchewan. The company’s property portfolio also comprises Cardium producing properties located in East Pembina, Ferrier, Garrington, and the Willesden Green areas of West central Alberta; the Fosterton property, which includes Roseray and Cantuar oil pools located at Fosterton in Southwest Saskatchewan; and controlling interests in the Nisku light sweet oil pool located in Elnora, Alberta. It has proved plus probable reserves of 132.5 million barrels of oil equivalent (MMboe); and proved reserves of 94.6 MMboe. As of December 31, 2013, the company had 1,861 net wells. Whitecap Resources Inc. is headquartered in Calgary, Canada.

67 Employees
Last Reported Date: 03/20/14

whitecap resources inc (WCP) Top Compensated Officers

Chairman of The Board, Chief Executive Office...
Total Annual Compensation: C$270.0K
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: C$240.0K
Vice President of Production & Operations
Total Annual Compensation: C$225.0K
Vice President of Business Development
Total Annual Compensation: C$225.0K
Vice President of Engineering
Total Annual Compensation: C$225.0K
Compensation as of Fiscal Year 2013.

whitecap resources inc (WCP) Key Developments

Whitecap Resources Inc. Announces Acquisition of Controlling Interest in Premier Sweet Light Oil Pool; Announces Increase in Monthly Dividend

Whitecap Resources Inc. announced that it has successfully entered into agreements to acquire and consolidate a controlling interest in a premier conventional Nisku light sweet oil pool at Elnora, Alberta located just 50 miles east of our Garrington core area for total cash consideration of approximately $266.7 million (the "Acquisition"). The Acquisition adds 2,500 boe/d (90% oil and NGLs) of high netback production of which 2,000 boe/d (96% oil and NGLs) is associated with the Elnora Nisku light oil pool. The Acquisition also includes strategic facilities consisting of two oil batteries, water disposal infrastructure and pipelines which will be important for future low cost production growth. The Board of Directors has approved a 12% increase to monthly dividend from $0.0625 to $0.0700 per share ($0.84 per share annualized). The dividend increase is expected to start with January 2015 dividend payable in February 2015 and is consistent with objective of providing our shareholders with long-term sustainable dividends.

Whitecap Resources Inc. Announces Cash Dividend, Payable on September 15, 2014

Whitecap Resources Inc. announced that a cash dividend of CAD 0.0625 per common share in respect of August operations will be paid on September 15, 2014 to shareholders of record on August 31, 2014.

Whitecap Resources Inc. Reports Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2014; Maintains Second Half and Full Year Production Guidance for the Year 2014; Provides Capital Expenditure and Net Debt Guidance for the Full Year 2014

Whitecap Resources Inc. reported unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income of $195,045,000 against $20,143,000 a year ago. Diluted earnings per share were $0.84 against $0.14 a year ago. Funds from operations were $117,429,000 against $65,676,000 a year ago. Capital expenditures were $51,764,000 against $27,905,000 a year ago. Property acquisitions (net) were $678,056,000 against $116,585,000 a year ago. Cash flow from operating activities was $143,682,000 against $55,903,000 a year ago. For the six months, the company reported net income of $199,585,000 against $25,730,000 a year ago. Diluted earnings per share were $0.92 against $0.16 a year ago. Funds from operations were $218,336,000 against $129,831,000 a year ago. Capital expenditures were $182,345,000 against $102,491,000 a year ago. Property acquisitions (net) were $682,164,000 against $118,723,000 a year ago. Cash flow from operating activities was $229,472,000 against $115,241,000 a year ago. Net debt at June 30, 2014 was $752,882,000 against $357,974,000 at June 30, 2013. For the quarter, the company reported total average daily production crude oil of 30,574 (boe/d) against 17,909 (boe/d) a year ago. For the six months, the company reported total average daily production crude oil of 28,552 (boe/d) against 17,752 (boe/d) a year ago. The company maintained its second half 2014, production forecast of 34,000 - 35,000 boe/d (74% oil and NGLs). The company maintained its full year 2014, production forecast of 31,600 boe/d. The company reduce its 2014 year end net debt to an anticipated $650 million on its $1 billion credit facility which further increases the company's financial strength and flexibility. The company expects full year capital budget of $307 million.

 

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Valuation WCP Industry Range
Price/Earnings 15.1x
Price/Sales 7.4x
Price/Book 1.7x
Price/Cash Flow 9.9x
TEV/Sales 6.6x
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