Whitecap Resources Inc. Announces Closing of Previously Announced Acquisition, Issuance of Senior Notes and Confirms Monthly Dividend for December

Dec 14 14:12 2017 Print This Article

CALGARY, Dec. 14, 2017 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to announce that it has now closed its previously announced acquisition of high quality light oil assets in southeast Saskatchewan, which includes current production of approximately 14,800 boe/d for cash consideration of $940 million before closing adjustments (the “Acquisition”).

Crude oil prices remain well supported in the US$55 to US$60/bbl WTI range relative to our crude oil price assumption of US$54/bbl WTI used when we announced the Acquisition on November 13, 2017. Whitecap takes a disciplined approach to … Continue Reading

The post Whitecap Resources Inc. Announces Closing of Previously Announced Acquisition, Issuance of Senior Notes and Confirms Monthly Dividend for December appeared first on Canadian Oil Stocks.

Read More

About Article Author

CanadianOilStocks.ca

A website dedicated to covering Canada’s oil sector and plays. It tracks the big players in the industry and how their moves impact the oil sector in general. It covers numerous oil resource plays, including Lower Amaranth, Bakken, Cardium, Doig, Montney, Pekisko, Lower Shaunavon and Viking.

Related Items

Tech Talk for Wednesday January 17th 2018

  Observations Huge key reversal yesterday by U.S. equity market! The Dow Jones Industrial Average initially surged to over 26,000, but weakened through most of the day to close at a small loss. The VIX Index spiked. Technical action by S&P 500 stocks was relatively quiet given their volatility. ...

Tech Talk for Wednesday January 17th 2018

  Observations Huge key reversal yesterday by U.S. equity market! The Dow Jones Industrial Average initially surged to over 26,000, but weakened through most of the day to close at a small loss. The VIX Index spiked. Technical action by S&P 500 stocks was relatively quiet given their volatility. ...

Gold Nudges higher as weaker USD momentum builds

Gold is highly sensitive to rising U.S. interest rates, as these increase the opportunity cost of holding non-yielding bullion, while boosting the dollar, in which it is priced. Asian stocks stepped back from a record high on Wednesday as the region's resources shares were dented by falling oil and ...

Oil prices remain firm in APAC

In an effort to tighten markets and prop up prices, the Organization of the Petroleum Exporting Countries (OPEC) and Russia started to withhold production in January last year, and the cuts are set to last through 2018. This restraint has coincided with healthy oil demand and economic growth, pushin ...

Global steel industry’s ‘zombie’ rescue addiction

The strong upturn in international steel prices since late 2016 has somewhat clouded over the fundamental problems that continue to hamper the industry, including overcapacity. Recent Chinese capacity closures have been well chronicled. However, few have noted the reality that global steel producti ...

Eldorado Gold reports in-line 2017 gold production

By analyst By Valentina Ruiz Leotaud Shares in Eldorado Gold (TSX:ELD)(NYSE:EGO) were slightly up on Tuesday after the company announced full-year production that came in line with production guidance, but suspended its semi-annual dividend payment “pending the results of the technical report ...