Company Market Research Report: Whitecap Resources Inc.
Company Overview
Name, Mission of the Company
Company Name: Whitecap Resources Inc.
Mission: To maintain profitable production growth in conjunction with distributing sustainable dividends to shareholders. The objective is to fully fund capital expenditures and dividend payments within funds flow.
Year Founded and Founders
- Founded: 2009
- Founder: Grant B. Fagerheim
Key People in the Company
- Grant B. Fagerheim: President & Chief Executive Officer, Founder
- Joel M. Armstrong: Senior Vice President, Production & Operations
- Thanh C. Kang: Senior Vice President & Chief Financial Officer
- P. Gary Lebsack: Vice President, Commercial Negotiations
- David M. Mombourquette: Senior Vice President, Business Development & IT
- Jeffery B. Zdunich: Vice President, Finance & Controller
Headquarters
- Location: 3800, 525 - 8th Avenue SW, Eighth Avenue Place, East Tower, Calgary, Alberta, Canada T2P 1G1
Number of Employees
No information is available.
Revenue of the Company
No information is available.
What is the Company Known For
Whitecap Resources Inc. is known as a Canadian oil and liquids-weighted growth company that consistently pays monthly cash dividends to its shareholders.
Products
Offers
- Primary Product Focus: Oil and liquids production.
High-Level Description and Key Features
- Oil Production: Stable production and low base declines which provide shareholders with a predictable cash flow stream for monthly dividend payments. Ensures a large resource in place allowing growth on a per-share basis.
Recent Developments
Recent Developments in the Company
- Operational Update: As of September 2024, Whitecap Resources Inc. entered a new unsecured credit facility and achieved an investment-grade credit rating.
New Products Launched
No information is available regarding new product launches.
New Features Added to Existing Products
No information is available regarding new features.
New Partnerships
- Strategic Partnership: Whitecap announced partnerships with Pembina Gas Infrastructure, highlighted with partial infrastructure dispositions for $520 million.
Financial Highlights
Dividend Information
- Annualized Dividend: $0.73 per share.
- Recent Dividend Record: Monthly dividend confirmed at $0.0608 per share as of October 2024.
Financial Reports
- Q2 2024 Financial Statements and MD&A released.
Contact Information
- Email: info@wcap.ca
- Phone: 403-266-0767
- Emergency Toll-Free: 1-866-590-5289
Conclusion
This report provides a comprehensive overview of Whitecap Resources Inc., summarizing its operations, recent developments, and financial highlights. Noteworthy is its mission of maintaining profitable production growth and sustainable dividends, positioning itself as a key player in the Canadian oil and gas industry.
