That means: If you do not see your comment posted immediately, it is being reviewed by the moderation team and may appear shortly, generally within an hour. Calgary-based Whitecap Resources Inc. is cementing its position as a consolidator of conventional oil and gas producers in Western Canada with a … In November 2017, Whitecap purchased a 62% interest in the Weyburn oil project in Saskatchewan for $940 million from Cenovus Energy. The decline in EPS is a bit concerning. Chart reflects public-market transactions of common shares or unit trusts by company officers and directors. 351 King Street East, Suite 1600, Toronto, ON Canada, M5A 0N1, Just $1.99 per week for the first 24 weeks, var select={root:".js-sub-pencil",control:".js-sub-pencil-control",open:"o-sub-pencil--open",closed:"o-sub-pencil--closed"},dom={},allowExpand=!0;function pencilInit(o){var e=arguments.length>1&&void 0!==arguments[1]&&arguments[1];select.root=o,dom.root=document.querySelector(select.root),dom.root&&(dom.control=document.querySelector(select.control),dom.control.addEventListener("click",onToggleClicked),setPanelState(e),window.addEventListener("scroll",onWindowScroll),dom.root.removeAttribute("hidden"))}function isPanelOpen(){return dom.root.classList.contains(select.open)}function setPanelState(o){dom.root.classList[o?"add":"remove"](select.open),dom.root.classList[o? Whitecap Announces Strategic Combination With NAL Resources in All-Stock Transaction Canada NewsWire CALGARY, AB, Aug. 31, 2020 CALGARY, AB, Aug. 31, 2020 /CNW/ - Whitecap Resources … At the time of writing, our data shows that Whitecap Resources Inc. has a market capitalization of CA$1.1b, and reported total annual CEO compensation of CA$2.8m for the year to December 2019. CALGARY, March 17, 2020 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") is employing proactive measures in response to current market conditions and the sharp decline in global commodity prices. Today Robb continues to guide the company strategy and direction, as well as participate in new business opportunities, while overseeing the day-to-day operations of the company. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Learn more about the team behind Simply Wall St. Get in touch with us directly. It’s FREE. So it looks like Whitecap Resources compensates Grant Fagerheim in line with the median for the industry. Please read our Financial Services Guide before deciding whether to obtain financial services from us. As Originally Planned. safest, most transparent & sustainable . We hope to have this fixed soon. President and CEO of Whitecap Resources Inc Grant Fagerheim at his headquarters in Calgary, Alberta in 2013. This is a space where subscribers can engage with each other and Globe staff. So shareholders would probably want the company to be lessto generous with CEO compensation. Real-time discussion about Whitecap Resources Inc. (WCP.TO) on CEO.CA, an investment chat community for Canada's small cap markets Readers can also interact with The Globe on Facebook and Twitter . Prior to establishing Whitecap Resources Inc. in June 2008, Mr. Fagerheim was the President and Chief Executive Officer and a Director of Cadence Energy Inc. Stock analysis for Whitecap Resources Inc (WCP:Toronto) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Notably, that's a decrease of 21% over the year before. January 2021 investor presentation. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. Thank you for your patience. INK staff may also hold a position in profiled securities. Published October 23, 2020 Updated October 23, 2020 . For … In the last year, its revenue is down 19%. You may now begin, sir. Published September 7, 2018 . Grant Fagerheim, Whitecap Resources CEO As many as 48 merger deals valued at $17.9 billion have been pieced together in the oilpatch year-to-date, compared to 60 deals at $19.7 billion during the same period last year, FP Data shows. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. In August, Whitecap agreed to acquire Calgary-based NAL Resources Ltd. for $155 million. Simply Wall St is a financial technology startup focused on providing unbiased, high-quality research coverage on every listed company in the world. Mr. Fagerheim has over 30 years of diverse experience in both the upstream and downstream areas of the oil and gas business and is currently our President and Chief Executive Officer. The deal was expected to increase Whitecap's oil production by 25%. We sequester and store almost. Concerned about the content? Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. Their clients from over 200 countries and territories trade stocks, options, futures, forex, bonds and funds worldwide from a single integrated account. This article by Simply Wall St is general in nature. list of high return, low debt companies is a great place to look. While we always look at total compensation first, our analysis shows that the salary component is less, at CA$425k. Welcome to The Globe and Mail’s comment community. For Subscribers. Be smart with your money. Comments that violate our community guidelines will not be posted. Grant Fagerheim. Special to The Globe and Mail . “I share the concerns being outlined in the attached letter,” Fagerheim wrote. Speaking on an industry level, nearly 45% of total compensation represents salary, while the remainder of 55% is other remuneration. Grant Fagerheim, Whitecap’s President & CEO, stated: “We are combining two strong Canadian energy producers to form a leading large-cap, light oil company geared towards generating sustainable long-term returns for shareholders while prioritizing … In Whitecap Resources' case, non-salary compensation represents a greater slice of total remuneration, in comparison to the broader industry. We'd stop short of saying compensation is inappropriate, but we would understand if shareholders had questions regarding a future raise. Given the total shareholder loss of 66% over three years, many shareholders in Whitecap Resources Inc. are probably rather dissatisfied, to say the least. In 2008 Grant Fagerheim was appointed CEO of Whitecap Resources Inc. . Avoid the use of toxic and offensive language. Switching gears from Whitecap Resources, if you're hunting for a pristine balance sheet and premium returns, this free list of high return, low debt companies is a great place to look. Whitecap CEO Grant Fagerheim says the deal is attractive because of the companies geographically overlapping assets and the potential for $15 million in cost synergies in the first year, pledging that Whitecap will increase its monthly dividend … Third, we'll reflect on the total return to shareholders over three years, as a second measure of business performance. Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. Promoted If you’re looking to trade Whitecap Resources, open an account with the lowest-cost* platform trusted by professionals, Interactive Brokers. This is a space where subscribers can engage with each other and Globe staff. Welcome to The Globe and Mail’s comment community. That's why we did some digging and identified 2 warning signs for Whitecap Resources that investors should think about before committing capital to this stock. This article will reflect on the compensation paid to Grant Fagerheim who has served as CEO of Whitecap Resources Inc. (TSE:WCP) since 2008. As we touched on above, Whitecap Resources Inc. is currently paying a compensation that's close to the median pay for CEOs of companies belonging to the same industry and with similar market capitalizations. petroleum resource in the world. Whitecap is weighted toward crude (87 per cent in Q2) and reported Q2 funds flow of 19 cents per share, giving it enough room to reduce debt and look at acquisitions. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. This analysis will also evaluate the appropriateness of CEO compensation when taking into account the earnings and shareholder returns of the company. 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"Whitecap Resources Inc focuses on the acquisition, development, optimization, and production of crude oil and natural gas in western Canada. Moreover, Grant Fagerheim also holds CA$8.1m worth of Whitecap Resources stock directly under their own name, which reveals to us that they have a significant personal stake in the company. Our regulatory foundation makes Canadian oil & gas the. Light oil is the primary byproduct of Whitecap's Canadian assets. If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. He says producers can make money from existing wells at current benchmark oil prices of about US$45 per barrel, but he’s hoping prices will jump to $50 to $60 to make it worthwhile to spend money on new wells. Whitecap issued approximately 58.3 million Whitecap common shares in exchange for all the issued and outstanding … This article will reflect on the compensation paid to Grant Fagerheim who has served as CEO of Whitecap Resources Inc. ( TSE:WCP) since 2008. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Published September 7, 2018 Updated September 7, 2018 . Responsible Energy. 337927). It's important to note that a slant towards non-salary compensation suggests that total pay is tied to the company's performance. Special to The Globe and Mail . *Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020Have feedback on this article? Grade K … Our research team consists of equity analysts with a public, market-beating track record. Follow topics and authors relevant to your reading interests. 2 Million Tonnes . Whitecap Resources CEO bets on an uptrend. In the meantime, the company has reported declining EPS growth and shareholder returns over the last three years. And the impression is worse when you consider revenue is down year-on-year. Simply Wall St has no position in any stocks mentioned. Sign up today. We aim to create a safe and valuable space for discussion and debate. Click here to subscribe. And I would like to turn the meeting over to Whitecap's President and CEO, Mr. Grant Fagerheim. CALGARY, AB, Jan. 4, 2021 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to announce that it has successfully completed the previously announced strategic combination with NAL Resources Limited ("NAL") (the "NAL Combination").