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Whitecap Resources returns to profit in Q2 despite lower production

Aug 02, 2019 - SNL Energy Finance Daily
Board and Executive Moves

Canada's Whitecap Resources Inc. reported Aug. 1 a net income of C$58.4 million, or 14 Canadian cents per share, for the second quarter, up from a loss of C$3.6 million, or 1 cent per share, a year ago.

Petroleum and natural gas revenue totaled C$374.7 million for the quarter, down from C$433.4 million in the prior-year period.

Production averaged 70,611 barrels of oil equivalent per day on limited capital expenditures of C$26.5 million, lower than 75,813 boe/d on capital expenditure...