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Whitecap Resources Receives TSX Approval For Renewed Normal Course Issuer Bid

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Whitecap Resources (WCP.TO) said Thursday it received exchange approval to buy back and cancel up to 120.7-million shares as it renewed its normal course issuer bid for another 12 months.

The company said the allowed amount represents 10% of its public float as of May 11. The renewed NCIB runs for a 12-month period beginning May 25.

Whitecap said it had 1.22-billion common shares outstanding and 1.21-billion shares in its public float as of May 11.

The company said purchases under the program will be subject to a daily limit of 1.53-million shares, representing 25% of the average daily trading volume of 6.11-million shares on the TSX for the six-month period ended April 30, 2026.

Whitecap said it repurchased 18.9 million of an allowed 122.14-million shares in its expiring NCIB.

Shares of the company closed down $0.33 at $16.85 on Toronto Stock Exchange on Wednesday.

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