Business
Whitecap Resources Inc. Announces Consolidating Acquisitions and Repurchases 19.2 Million Common Shares
Whitecap Resources Inc. Announces Consolidating Acquisitions and Repurchases 19.2 Million...
About this update from Whitecap Resources Inc.
[{"type":"text","content":"\n \n \n \n Whitecap Resources Inc. Announces Consolidating Acquisitions and Repurchases 19.2 Million Common Shares\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen3{\nBORDER-TOP-COLOR:; VERTICAL-ALIGN: BOTTOM; BORDER-LEFT-COLOR:; BORDER-BOTTOM-COLOR:; PADDING-LEFT:0.50em; BORDER-RIGHT-COLOR:; PADDING-RIGHT:0.50em\n}\n.prngen4{\nBORDER-TOP-COLOR:; VERTICAL-ALIGN: BOTTOM; BORDER-LEFT-COLOR:; BORDER-BOTTOM-COLOR:; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-RIGHT-COLOR:; PADDING-RIGHT:0.50em\n}\n.prngen2{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen5{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnbcc{\nBORDER-TOP-COLOR:; BORDER-COLLAPSE: COLLAPSE; BORDER-LEFT-COLOR:; BORDER-BOTTOM-COLOR:; BORDER-RIGHT-COLOR:\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n CALGARY, AB\n \n ,\n \n Dec. 6, 2021\n \n /CNW/ - Whitecap Resources Inc. (\"Whitecap\" or the \"Company\") (TSX: WCP) is pleased to announce three separate transactions that will consolidate core assets within its\n \n Central Alberta\n \n ,\n \n Eastern Saskatchewan\n \n and\n \n Western Saskatchewan\n \n business units (the \"Acquisitions\"). The Acquisitions will increase 2022 discretionary funds flow after capital and dividends by\n \n $80 million\n \n or 10% per share at\n \n US$65\n \n /bbl WTI and\n \n C$3.50\n \n /GJ AECO by adding approximately 9,000 boe/d (67% liquids) to our average production in 2022 and further improving our long-term sustainability by adding 345 (257.5 net) top tier drilling locations. The combined purchase price of the Acquisitions is\n \n $342.5 million\n \n , consisting of approximately 15.2 million Whitecap shares at a weighted average price of\n \n $7.20\n \n per share and approximately\n \n $240 million\n \n of cash.\n \n \n Whitecap is also pleased to continue to advance our return of capital strategy wit...