Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. The S&P/TSX Capped Energy Index is off about 30 per cent since its spring peak. Robb founded Whitecap Canada Inc. in 1997 after holding executive sales and marketing positions with Hewlett-Packard, Apple and Toshiba. 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. Published September 7, 2018 Updated September 7, 2018 . This analysis will also evaluate the appropriateness of CEO compensation when taking into account the earnings and shareholder returns of the company. INK staff may also hold a position in profiled securities. 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. WHITECAP RESOURCES INC. We aim to bring you long-term focused analysis driven by fundamental data. petroleum resource in the world. We aim to create a safe and valuable space for discussion and debate. Whitecap Resources Inc. has reduced its earnings per share by 122% a year over the last three years. Whitecap Resources CEO bets on an uptrend. We sequester and store almost. Concerned about the content? January 2021 investor presentation. Special to The Globe and Mail . Grant Fagerheim. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. Josef Schachter, president of Schachter Energy Research Services Inc., discusses Whitecap Resources. 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. Alternatively, email editorial-team@simplywallst.com. 2 Million Tonnes . 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. President and CEO of Whitecap Resources Inc Grant Fagerheim at his headquarters in Calgary, Alberta in 2013. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. This article by Simply Wall St is general in nature. For Subscribers. 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"). This analysis will also evaluate the appropriateness of CEO compensation when taking into account the earnings and shareholder returns of the company. In August, Whitecap agreed to acquire Calgary-based NAL Resources Ltd. for $155 million. Light oil is the primary byproduct of Whitecap's Canadian assets. The decline in EPS is a bit concerning. 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. See our latest analysis for Whitecap Resources. Responsible Energy. While it is important to pay attention to CEO remuneration, investors should also consider other elements of the business. 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. Real-time discussion about Whitecap Resources Inc. (WCP.TO) on CEO.CA, an investment chat community for Canada's small cap markets Whitecap issued approximately 58.3 million Whitecap common shares in exchange for all the issued and outstanding … Promoted If you’re looking to trade Whitecap Resources, open an account with the lowest-cost* platform trusted by professionals, Interactive Brokers. Simply Wall St is a financial technology startup focused on providing unbiased, high-quality research coverage on every listed company in the world. We'd stop short of saying compensation is inappropriate, but we would understand if shareholders had questions regarding a future raise. safest, most transparent & sustainable . list of high return, low debt companies is a great place to look. In 2008 Grant Fagerheim was appointed CEO of Whitecap Resources Inc. . CO 2. per year, making us carbon negative. 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. Published October 23, 2020 Updated October 23, 2020 . *Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020Have feedback on this article? It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Please read our Financial Services Guide before deciding whether to obtain financial services from us. 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. Speaking on an industry level, nearly 45% of total compensation represents salary, while the remainder of 55% is other remuneration. 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 … While we always look at total compensation first, our analysis shows that the salary component is less, at CA$425k. In the last year, its revenue is down 19%. You may now begin, sir. Peter Hodson, founder and head of research at 5i Research discusses Whitecap Resources. As of mid-week, Whitecap Resources Inc. has done relatively better, dropping about 10 per cent since June 8. Whitecap Resources Inc. est une société pétrolière et gazière canadienne. Get in touch with us directly. Chart reflects public-market transactions of common shares or unit trusts by company officers and directors. Their clients from over 200 countries and territories trade stocks, options, futures, forex, bonds and funds worldwide from a single integrated account. © Copyright 2021 The Globe and Mail Inc. All rights reserved. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Grade K … 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 … We aim to have all comments reviewed in a timely manner. This article will reflect on the compensation paid to Grant Fagerheim who has served as CEO of Whitecap Resources Inc. ( TSE:WCP) since 2008. Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. "remove":"add"](select.closed),dom.control.setAttribute("aria-expanded",o)}function onToggleClicked(){var l=!isPanelOpen();setPanelState(l)}function onWindowScroll(){window.requestAnimationFrame(function() {var l=isPanelOpen(),n=0===(document.body.scrollTop||document.documentElement.scrollTop);n||l||!allowExpand?n&&l&&(allowExpand=!0,setPanelState(!1)):(allowExpand=!1,setPanelState(!0))});}pencilInit(".js-sub-pencil",!1); // via darwin-bg var slideIndex = 0; carousel(); function carousel() { var i; var x = document.getElementsByClassName("subs_valueprop"); for (i = 0; i < x.length; i++) { x[i].style.display = "none"; } slideIndex++; if (slideIndex> x.length) { slideIndex = 1; } x[slideIndex - 1].style.display = "block"; setTimeout(carousel, 2500); } //, Insiders buy as Total Energy Services stock struggles, Galway Metals CEO is buying this pullback, GreenPower Motor CEO bets on the road ahead, Unchecking box will stop auto data updates, Due to technical reasons, we have temporarily removed commenting from our articles. 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. It's important to note that a slant towards non-salary compensation suggests that total pay is tied to the company's performance. Readers can also interact with The Globe on Facebook and Twitter . CONFIRMS MONTHLY DIVIDEND FOR DECEMBER OF $0.01425 PER... Read All. 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. Avoid the use of toxic and offensive language. Calgary-based Whitecap Resources Inc. is cementing its position as a consolidator of conventional oil and gas producers in Western Canada with a … 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. 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. Next, we'll consider growth that the business demonstrates. The company acquires assets with discovered petroleum initially in place and low current recovery factors. This article will reflect on the compensation paid to Grant Fagerheim who has served as CEO of Whitecap Resources Inc. (TSE:WCP) since 2008. Sign up today. Be smart with your money. The deal was expected to increase Whitecap's oil production by 25%. Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. Published September 7, 2018 . "Whitecap Resources Inc focuses on the acquisition, development, optimization, and production of crude oil and natural gas in western Canada. 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. And the impression is worse when you consider revenue is down year-on-year. So shareholders would probably want the company to be lessto generous with CEO compensation. 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. It’s FREE. So it looks like Whitecap Resources compensates Grant Fagerheim in line with the median for the industry. 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 … 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. We are committed … 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. Read our, I'm a print subscriber, link to my account, Read more about following topics and authors. The company CEO, Grant Fagerheim, said that it was considering the offer, but would only move if it benefited shareholders. CEO and CFO buying at Whitecap Resources. Thank you for your patience. of. Learn more about the team behind Simply Wall St. Non-subscribers can read and sort comments but will not be able to engage with them in any way. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. 337927). Simply Wall St has no position in any stocks mentioned. Our regulatory foundation makes Canadian oil & gas the. 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. President & CEO. We hope to have this fixed soon. 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. For … Notably, that's a decrease of 21% over the year before. Comments that violate our community guidelines will not be posted. Given the total shareholder loss of 66% over three years, many shareholders in Whitecap Resources Inc. are probably rather dissatisfied, to say the least. Our research team consists of equity analysts with a public, market-beating track record. As Originally Planned. If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Stock analysis for Whitecap Resources Inc (WCP:Toronto) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Ted Dixon. Click here to subscribe. In November 2017, Whitecap purchased a 62% interest in the Weyburn oil project in Saskatchewan for $940 million from Cenovus Energy. The information on this Website is not reliable and not intended to provide tax, legal, or investment advice. 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. 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. And I would like to turn the meeting over to Whitecap's President and CEO, Mr. Grant Fagerheim. This is a space where subscribers can engage with each other and Globe staff. 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 … 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 Inc. and TORC Oil & Gas Ltd. announced a business combination of “two strong energy franchises resulting in a well-capitalized, low … 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. 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. Follow topics and authors relevant to your reading interests. 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. Ted Dixon. In the meantime, the company has reported declining EPS growth and shareholder returns over the last three years. 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. Special to The Globe and Mail . “I share the concerns being outlined in the attached letter,” Fagerheim wrote. 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. Third, we'll reflect on the total return to shareholders over three years, as a second measure of business performance.

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