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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.