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. Promoted If you’re looking to trade Whitecap Resources, open an account with the lowest-cost* platform trusted by professionals, Interactive Brokers. The decline in EPS is a bit concerning. Special to The Globe and Mail . Their clients from over 200 countries and territories trade stocks, options, futures, forex, bonds and funds worldwide from a single integrated account. Moving away from current form for a second, it could be important to check this free visual depiction of what analysts expect for the future. We are committed … It’s FREE. Click here to subscribe. 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 … Welcome to The Globe and Mail’s comment community. For … Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. While it is important to pay attention to CEO remuneration, investors should also consider other elements of the business. In the last year, its revenue is down 19%. INK staff may also hold a position in profiled securities. 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. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Third, we'll reflect on the total return to shareholders over three years, as a second measure of business performance. Notably, that's a decrease of 21% over the year before. Simply Wall St has no position in any stocks mentioned. Alternatively, email [email protected] Grant Fagerheim. So shareholders would probably want the company to be lessto generous with CEO compensation. As we wait to see if the stock can overtake its 200-day moving average, chief executive officer Grant Fagerheim has spent $165,966 buying shares in the past month betting that it can. According to an internal e-mail obtained by PressProgress, Whitecap Resources CEO Grant Fagerheim encouraged workers to share an anonymous letter that warns of “Alberta separation” unless Canadians vote for Andrew Scheer’s Conservatives. Sign up today. And I would like to turn the meeting over to Whitecap's President and CEO, Mr. Grant Fagerheim. 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. And the impression is worse when you consider revenue is down year-on-year. Published September 7, 2018 Updated September 7, 2018 . President & CEO. 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, 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"). We sequester and store almost. 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. We'd stop short of saying compensation is inappropriate, but we would understand if shareholders had questions regarding a future raise. Readers can also interact with The Globe on Facebook and Twitter . 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 of mid-week, Whitecap Resources Inc. has done relatively better, dropping about 10 per cent since June 8. The S&P/TSX Capped Energy Index is off about 30 per cent since its spring peak. safest, most transparent & sustainable . 337927). Please read our Financial Services Guide before deciding whether to obtain financial services from us. Whitecap issued approximately 58.3 million Whitecap common shares in exchange for all the issued and outstanding … On examining similar-sized companies in the industry with market capitalizations between CA$527m and CA$2.1b, we discovered that the median CEO total compensation of that group was CA$3.7m. Whitecap Resources CEO bets on an uptrend. Grade K … 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. Published September 7, 2018 . “I share the concerns being outlined in the attached letter,” Fagerheim wrote. 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This article by Simply Wall St is general in nature. Be smart with your money. Calgary-based Whitecap Resources Inc. is cementing its position as a consolidator of conventional oil and gas producers in Western Canada with a … 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. Published October 23, 2020 Updated October 23, 2020 . We aim to create a safe and valuable space for discussion and debate. *Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020Have feedback on this article? Simply Wall St is a financial technology startup focused on providing unbiased, high-quality research coverage on every listed company in the world. 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. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. 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 … Learn more about the team behind Simply Wall St. For Subscribers. In 2008 Grant Fagerheim was appointed CEO of Whitecap Resources Inc. . We aim to have all comments reviewed in a timely manner. Chart reflects public-market transactions of common shares or unit trusts by company officers and directors. Given the total shareholder loss of 66% over three years, many shareholders in Whitecap Resources Inc. are probably rather dissatisfied, to say the least. CEO and CFO buying at Whitecap Resources. Thank you for your patience. Concerned about the content? Light oil is the primary byproduct of Whitecap's Canadian assets. Our research team consists of equity analysts with a public, market-beating track record. So it looks like Whitecap Resources compensates Grant Fagerheim in line with the median for the industry. The company CEO, Grant Fagerheim, said that it was considering the offer, but would only move if it benefited shareholders. Whitecap Resources Inc. has reduced its earnings per share by 122% a year over the last three years. Our regulatory foundation makes Canadian oil & gas the. The company acquires assets with discovered petroleum initially in place and low current recovery factors. Simply Wall St does a detailed discounted cash flow calculation every 6 hours for every stock on the market, so if you want to find the intrinsic value of any company just search here. 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. Robb founded Whitecap Canada Inc. in 1997 after holding executive sales and marketing positions with Hewlett-Packard, Apple and Toshiba. Whitecap Resources Inc. est une société pétrolière et gazière canadienne. Follow topics and authors relevant to your reading interests. Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. Next, we'll consider growth that the business demonstrates. list of high return, low debt companies is a great place to look. CO 2. per year, making us carbon negative. "Whitecap Resources Inc focuses on the acquisition, development, optimization, and production of crude oil and natural gas in western Canada. This is a space where subscribers can engage with each other and Globe staff. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. petroleum resource in the world. Nothing contained on the Website shall be considered a recommendation, solicitation, or offer to buy or sell a security to any person in any jurisdiction. Real-time discussion about Whitecap Resources Inc. (WCP.TO) on CEO.CA, an investment chat community for Canada's small cap markets Ted Dixon. This analysis will also evaluate the appropriateness of CEO compensation when taking into account the earnings and shareholder returns of the company. Speaking on an industry level, nearly 45% of total compensation represents salary, while the remainder of 55% is other remuneration. In November 2017, Whitecap purchased a 62% interest in the Weyburn oil project in Saskatchewan for $940 million from Cenovus Energy. As Originally Planned. While we always look at total compensation first, our analysis shows that the salary component is less, at CA$425k. In the meantime, the company has reported declining EPS growth and shareholder returns over the last three years. We aim to bring you long-term focused analysis driven by fundamental data. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. In Whitecap Resources' case, non-salary compensation represents a greater slice of total remuneration, in comparison to the broader industry. Comments that violate our community guidelines will not be posted. This article will reflect on the compensation paid to Grant Fagerheim who has served as CEO of Whitecap Resources Inc. ( TSE:WCP) since 2008. This analysis will also evaluate the appropriateness of CEO compensation when taking into account the earnings and shareholder returns of the company. Ted Dixon. January 2021 investor presentation. 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 … Responsible Energy. WHITECAP RESOURCES INC. 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 Resources CEO Grant Fagerheim says he’s optimistic as his company works on closing deals to buy rivals TORC Oil & Gas and N-A-L Resources. This is a space where subscribers can engage with each other and Globe staff. Josef Schachter, president of Schachter Energy Research Services Inc., discusses Whitecap Resources. Welcome to The Globe and Mail’s comment community. For further information: Grant Fagerheim, President & CEO, or Thanh Kang, CFO, Whitecap Resources Inc., 3800, 525 - 8th Avenue SW, Calgary, Alberta T2P 1G1, (403) 266-0767, www.wcap.ca. © Copyright 2021 The Globe and Mail Inc. All rights reserved. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. You may now begin, sir. We hope to have this fixed soon. Whitecap Resources president and CEO Grant Fagerheim said: “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 … Whitecap Resources Inc. and TORC Oil & Gas Ltd. announced a business combination of “two strong energy franchises resulting in a well-capitalized, low … 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. The information on this Website is not reliable and not intended to provide tax, legal, or investment advice. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. Stock analysis for Whitecap Resources Inc (WCP:Toronto) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Non-subscribers can read and sort comments but will not be able to engage with them in any way. 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. President and CEO of Whitecap Resources Inc Grant Fagerheim at his headquarters in Calgary, Alberta in 2013. Peter Hodson, founder and head of research at 5i Research discusses Whitecap Resources. 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. 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. Special to The Globe and Mail . 2 Million Tonnes . These factors suggest that the business performance wouldn't really justify a high pay packet for the CEO. If you would like to write a letter to the editor, please forward it to [email protected] In August, Whitecap agreed to acquire Calgary-based NAL Resources Ltd. for $155 million. See our latest analysis for Whitecap Resources. Get in touch with us directly. CONFIRMS MONTHLY DIVIDEND FOR DECEMBER OF $0.01425 PER... Read All. The deal was expected to increase Whitecap's oil production by 25%. If you are looking to give feedback on our new site, please send it along to, To view this site properly, enable cookies in your browser. 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. of. Avoid the use of toxic and offensive language. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. 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