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Whitecap Resources ( (TSE:WCP) ) has provided an announcement.
Whitecap Resources Inc. announced strong 2024 reserves metrics, showcasing significant operational and financial success driven by its organic drilling program. The company replaced over 110% of production across all reserve categories and achieved a notable debt-adjusted reserves per share growth of 12% to 13%. With a long-term drilling inventory representing nearly 30 years of development, Whitecap is well-positioned for sustainable growth. The 2025 drilling program has started robustly, with promising production results from the Kaybob pad, supporting the potential for improved long-term development plans.
More about Whitecap Resources
Whitecap Resources Inc. is a company in the energy industry, primarily focused on the exploration and production of oil and gas. The company’s key assets include the Montney at Musreau, Duvernay at Kaybob, Glauconite in Central Alberta, and Frobisher in East Saskatchewan. It is committed to sustainable and profitable long-term growth in production and funds flow.
YTD Price Performance: -6.60%
Average Trading Volume: 152,556
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $3.81B
Learn more about WCP stock on TipRanks’ Stock Analysis page.
