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6 stories mentioning WCP.TO

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Mining & Metals

Whitecap Resources Receives TSX Approval For Renewed Normal Course Issuer Bid

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.

$WCP.TO
Mining & Metals

Whitecap Resources Promotes Joseph Wong to President, Travis Twelt as COO

Whitecap Resources (WCP.TO) on Wednesday said it promoted Joseph Wong to president and Travis Twelt to chief operating officer of the Western Canadian oil and gas producer.Wong was most recently vice president, unconventional operations, responsible for the development of Whitecap's Montney and Duvernay assets.Twelt is currently vice president of operations. Jeffrey Mazurak, who has been with Whitecap since 2021 will be promoted to vice president, operations. from his current role of director, unconventional operations, a statement said.Whitecap Resources shares were last seen up $0.02 to $16.13 on the Toronto Stock Exchange.Price: $16.12, Change: $+0.01, Percent Change: +0.06%

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Mining & Metals

RBC Lifts Price Targets of Headwater, Whitecap After Q1 Results

RBC Capital Markets on Friday raised the price targets of Headwater Exploration (HWX.TO) and Whitecap Resources (WCP.TO) following the release of their first-quarter results.RBC lifted Headwater's price target to C$14.00 from C$13.00 with a sector-perform rating, as the company's cash flow of C$0.41 per share exceeded RBC's projection of C$0.39 and the Street estimate of C$0.37.RBC also increased Whitecap's price target to C$18.00 from C$17.00 and maintained its sector-perform rating after the company's adjusted funds from operations of C$0.84 per share beat RBC's forecast of C$0.75 and the Street expectation of C$0.74.Meanwhile, RBC reiterated Advantage Energy's (AAV.TO) sector-perform rating and C$14.00 price target. The company's cash flow of C$0.71 per share beat RBC's estimate of C$0.68 and the Street forecast of C$0.67.Price: $13.33, Change: $-0.13, Percent Change: -0.93%

$AAV.TO$HWX.TO$WCP.TO
Research

Whitecap Resources Maintained at Buy at TPH Following Q1 Results; Price Target at C$16.00

Tudor, Pickering, Holt on Thursday maintained its buy rating on the shares of Whitecap Resources (WCP.TO) with a C$16.00 price target following the Western Canadian oil and gas producer's first-quarter results."Positive on Q1 results which, in our view, should support relative outperformance today. On key Q1 headline metrics, C$0.84 CFPS beat TPHe/Street C$0.74/C$0.74, driven by beats on production and to a lesser degree gas realizations; C$676MM capex was relative in-line with consensus, comparing to TPHe/Street C$643MM/C$664MM. For context on volumes, 391mboepd beat TPHe/Street 378/378 and guidance of 375-380, led primarily by liquids, which clocked in at 242mboepd (62% of the mix) vs. TPHe/Street 231/229, with all of the above attributed to (i) compressed cycle times driving quicker turn-in-line timing for new wells and (ii) outperformance of new wells across the portfolio ... On formal changes, FY'26 guidance was increased on production by +7.5mboped (~2% at the midpoints) to 378-382mboepd (prior 370-375; TPHe/Street 378/375) for unchanged capex of C$2.0-2.1B (TPHe/Street C$2.05B/C$2.08B); no changes to longer-term growth plans of 3-5%," analyst Jeoffrey Lambujon wrote.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $15.92, Change: $-0.04, Percent Change: -0.25%

$WCP.TO
Mining & Metals

CIBC Picks Cenovus, Kelt, Suncor, Tamarack, Tenaz, Whitecap as Its Top Ideas for Canadian Oil Equities

CIBC Capital Markets said Friday its top ideas for Canadian oil equities in the first quarter include Cenovus Energy (CVE.TO), Kelt Exploration (KEL.TO), Suncor Energy (SU.TO), Tamarack Valley Energy (TVE.TO), Tenaz Energy (TNZ.TO) and Whitecap Resources (WCP.TO).CIBC said Canadian oil equities showed strong performance in the first quarter, driven by geopolitical conflict in the Middle East.Oil prices and U.S Gulf Coast crack spreads increased by 78% and 200% during the quarter, respectively, helping improve realizations for liquids-focused producers and integrated companies, CIBC said.Due to the oil price spike, CIBC expects meaningful tailwinds for Suncor and Cenovus, while Imperial Oil (IMO.TO) could face a headwind.Higher oil prices could also drive working capital adjustments, which could increase net debt levels for the integrateds, CIBC added.CIBC said Canadian LNG projects look increasingly attractive for supply security amid the Middle East conflict. As a result, CIBC expects the LNG Canada Phase 2 and Ksi Lisims LNG projects to be sanctioned in 2026.Price: $84.28, Change: $+0.59, Percent Change: +0.70%

$CVE.TO$IMO.TO$KEL.TO$SU.TO$TNZ.TO$TVE.TO$WCP.TO
Mining & Metals

RBC Expects Canadian E&P Companies to Discuss Use of Free Cash Flows During Q1 Earnings Season

RBC Capital Markets on Monday said it expects Canadian oil and gas exploration and production companies to discuss the use of free cash flows amid higher crude prices during the earnings reporting season for the first quarter.RBC expects the companies to outline their near-term focus on higher buybacks and debt repayment, with capital programs to increase later this year if pricing remains robust.According to RBC, AECO natural-gas prices experienced a brief rebound during the first quarter, but have since pulled back as supplies have remained robust, keeping pace with increased demand from LNG Canada.RBC said its estimates are largely above FactSet consensus forecasts for now.The earnings season will kick off April 20 with PrairieSky Royalty (PSK.TO) reporting after market close.Price: $10.11, Change: $+0.01, Percent Change: +0.10%

$AAV.TO$ARX.TO$BIR.TO$FRU.TO$HWX.TO$KEL.TO$PEY.TO$POU.TO$PSK.TO$TPZ.TOU.TO$TVE.TO$WCP.TO