Q: I was alerted that Whitecap is terminating it's U.S. reporting obligations what is the reason?
5i Research Answer:
The company has not disclosed its reasons. It may be as simple as trying to reduce costs, but could also be something else, like difficulty reconciling some of its accounting to US standards. We just do not know and the company is not likely to clarify anything. It is somewhat interesting as the stock does trade quite well in the US, even though it just has an OTC listing.