CALGARY, March 12, 2012 /CNW/ - Whitecap Resources Inc. ("Whitecap" or
the "Company") (TSX: WCP) is pleased to announce that Standard and
Poor's (S&P) has added Whitecap to the S&P/TSX Composite Index as a
result of the Quarterly S&P/TSX Composite Index Review. Whitecap's
inclusion in the index is effective with the opening of trading on
March 19, 2012.
Listed securities eligible for inclusion in the index must meet certain
criteria which are primarily based on a company's market capitalization
and the liquidity of its stock relative to other stocks in the index
and Whitecap has met all of the criteria.
The inclusion highlights the tremendous growth and progress achieved by
Whitecap in a very short period of time. We look forward to the
positive impact this may have on our stock and greater visibility in
the investment community.
The S&P/TSX Composite Index is the headline index in Canada and premier
indicator of performance for Canadian equity markets.
Whitecap Resources Inc. is focused on the acquisition, development,
optimization and production of crude oil in Western Canada. We have an
enviable suite of oil-weighted, long reserve life assets with
significant un-booked upside and development well inventory in addition
to a strong balance sheet.
Note Regarding Forward-Looking Statements and Other Advisories
This press release contains forward-looking statements and
forward-looking information (collectively "forward-looking
information") within the meaning of applicable securities laws relating
to Whitecap's plans and other aspects of Whitecap's anticipated future
operations. In addition, and without limiting the generality of the
foregoing, this press release contains forward-looking information
regarding the expected impact of the inclusion of Whitecap into the
index including a positive impact on and increased demand for Whitecap
shares and greater visibility in the investment community.
Forward-looking information typically uses words such as "anticipate",
"believe", "project", "expect", "goal", "plan", "intend" or similar
words suggesting future outcomes, statements that actions, events or
conditions "may", "would", "could" or "will" be taken or occur in the
The forward-looking information is based on certain key expectations and
assumptions made by Whitecap's management, including expectations and
assumptions concerning the S&P/TSX Composite Index and the benefits to
be obtained as a result of being included in the index. Although
Whitecap believes that the expectations and assumptions on which such
forward-looking information is based are reasonable, undue reliance
should not be placed on the forward-looking information because
Whitecap can give no assurance that they will prove to be correct.
Since forward-looking information addresses future events and
conditions, by its very nature they involve inherent risks and
uncertainties. Whitecap's actual results, performance or achievement
could differ materially from those expressed in, or implied by, the
forward-looking information and, accordingly, no assurance can be given
that any of the events anticipated by the forward-looking information
will transpire or occur, or if any of them do so, what benefits that
Whitecap will derive therefrom.
These forward-looking statements are made as of the date of this press
release and Whitecap disclaims any intent or obligation to update
publicly any forward-looking information, whether as a result of new
information, future events or results or otherwise, other than as
required by applicable securities laws.
Grant Fagerheim, President & CEO
Thanh Kang, VP Finance and CFO
Whitecap Resources Inc.
500, 222 - 3 Avenue SW
Calgary, AB, T2P 0B4
Main Phone (403) 266-0767
Fax (403) 266-6975