Whitecap Resources Inc. acquires XTO Energy Canada in an all-cash transaction and increases dividend by 22%
Oil and Gas 360 CALGARY, AB, June 28, 2022 /CNW/ – Whitecap Resources Inc. (“Whitecap” or the “Company”) (TSX: WCP) is pleased to announce it has entered into a purchase and sale agreement to acquire XTO Energy Canada for total cash consideration of approximately $1.9 billion and the assumption of estimated positive working capital on closing for a net purchase price of $1.7 billion (the “Acquisition”). The Acquisition is expected to