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

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