Whitecap Resources Targets Modest Growth Awaiting Firmer Market Signals
Whitecap will likely acquire adjacent blocks to its core territory as it has since its founding. Acquiring and trading acreage to block up or expand runway is an important part of the business and should be expected. Larger acquisitions look less likely, as management targets a modest 3%-5% per share annual production growth. In the near term, organic growth from improving new and base wells have lifted production without much incremental spending. Looking toward the end of the decade, share repurchases and inorganic growth may be required.
United States