07:32:15 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Whitecap Resources Inc (2)
Symbol WCP
Shares Issued 604,521,328
Close 2023-05-17 C$ 9.99
Market Cap C$ 6,039,168,067
Recent Sedar Documents

Whitecap continues to be hit by Alberta fires

2023-05-17 16:04 ET - News Release

An anonymous director reports

WHITECAP RESOURCES INC. PROVIDES UPDATE ON IMPACT OF THE ALBERTA WILDFIRES

Wildfires in Alberta have continued to impact Whitecap Resources Inc.'s operations in Northern Alberta and in northeast British Columbia. The safety and health of the company's employees and contractors continue to be Whitecap's top priorities and there has been no significant damage to Whitecap's infrastructure or safety incidents at this time.

Whitecap, along with its employees, will be financially supporting the Canadian Red Cross to assist with its work helping families impacted by the wildfires. The company expects to direct additional resources toward impacted communities as specific needs arise over the coming months. Whitecap would also like to acknowledge the tireless efforts of the first responders and the emergency response agencies as well as the tremendous job the company's field personnel is doing to stay on top of this rapidly changing environment.

Currently, approximately 26,000 barrels of oil equivalent per day are shut in and over the past two weeks this has fluctuated between 12,000 boe/d and 40,000 boe/d shut in at any given time. Whitecap will continue to monitor the situation closely and provide additional updates as more information becomes available, including when it brings its production back to full capacity. Given the dynamic nature of the situation, Whitecap is not providing updated guidance at this time.

About Whitecap Resources Inc.

Whitecap Resources is an oil-weighted growth company that pays a monthly cash dividend to its shareholders. Its business is focused on profitable production growth combined with sustainable dividends to shareholders. The company's objective is to fully finance its capital expenditures and dividend payments within funds flow.

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