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Whitecap Resources shares rise on dividend bump, buyback renewal, acquisition close


Whitecap Resources shares rise on dividend bump, buyback renewal, acquisition close
by The Canadian Press
Last Updated May 17, 2021 at 11:28 am EDT
In this March 22, 2012 file photo, a pumpjack is silhouetted against the setting sun in Oklahoma City. Oil producer Whitecap Resources Inc. is reporting a $2.1 billion net loss in the three months ended March 31 thanks mainly to a $2.9 billion non-cash writedown in the value of its assets due to low oil prices. THE CANADIAN PRESS/AP-Sue Ogrocki
CALGARY Shares in oilpatch consolidator Whitecap Resources Inc. are on the rise after it closed its acquisition of Kicking Horse Oil & Gas earlier than expected and raised its dividend by eight per cent. ....

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