Whitecap Resources (WCP) has notable insider buying

Whitecap Resources (T:WCP)

Joel Maxwell Armstrong, a Senior Officer, acquired 50,000 Common Shares on a direct ownership basis at a price of $0.950 through the public market on March 20th, 2020. This represents a $47,500 investment into the company's shares and an account share holdings change of 20.4%.

Whitecap Resources Inc is a Canada-based oil and gas company. The Company is engaged in the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. It is focused on acquiring sustainable assets with Discovered Petroleum Initially In Place (DPIIP) and low current recovery factors and moving them through the development chain by converting contingent resources , probable reserves, producing reserves (cash flow). Its portfolio of assets has stable production and low base declines, which provide its shareholders with a predictable cash flow stream for monthly dividend payments.