The Financial Post reports in its Friday edition that Canada's fifth-largest producer of oil and natural gas raised its dividend and lifted its production forecast for the third time this year after posting profits that were up 60 per cent. The Post's James Rose write that Whitecap Resources said high prices for its light oil and condensate pushed third-quarter cash flow up by nearly a third while production averaged 390,720 barrels of oil equivalent per day in the three months ended Sept. 30. Funds flow, a metric that measures the cash-generating capability of a company's core operations, rose to $1.17-billion from $896.6-million a year earlier, a 32-per-cent increase on a per-share basis. Net income rose to $326.4-million from $204.2-million. Oil prices did much of the work. Whitecap received an average of $113.89 per barrel for its crude oil and condensate in Q3, compared with $84.34 a year earlier. The company also said it is drilling faster than planned. Instead of slowing activity before year-end, it will keep its rigs running through the fourth quarter. That adds about $100-million to its 2026 capital budget, which now totals $2.2-billion. Its monthly dividend increased to 6.17 cents a share, or 74 cents a year.