Whiting Petroleum is an independent oil and gas company engaged in development, production and acquisition activities primarily in the Rocky Mountains region of the U.S. where it is focused on developing its resource play in the Williston Basin of North Dakota and Montana. Co. is focusing its capital programs on drilling and workover opportunities. Co. principally sells its oil and gas production to end users, marketers and other purchasers that have access to nearby pipeline or rail takeaway. In areas where there is no practical access to gathering pipelines, oil is trucked or transported to terminals, market hubs, refineries or storage facilities. We show 20 historical shares outstanding datapoints in our WLL shares outstanding history coverage, used to compute WLL market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing WLL market cap history over the course of time is important for investors
interested in comparing WLL's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of WLL versus a peer is one thing; comparing
WLL market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like WLL can fluctuate over the course of history.
With this page we aim to empower investors researching WLL by allowing them to research the WLL market cap history. |
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Video: The Importance of Market Cap
