Whitecap Resources Inc T.WCP

Alternate Symbol(s): SPGYF

Energy Oil & Gas E&P

Whitecap Resources Inc. is a Canadian clean energy company. The Company is engaged in the business of acquiring, developing, and holding interests in petroleum and natural gas properties and assets. Its core areas include the West Division and East Division. Its West Division is comprised of three regions: Smoky, Kaybob and Peace River Arch (PRA). The properties in its Smoky region include Kakwa and Resthaven, all located in Northwest Alberta. The primary reservoir being developed is the Montney resource play, mainly comprised of condensate-rich natural gas. Kaybob is located in the Fox Creek region of Northwest Alberta. The primary reservoir being developed is the Duvernay resource play, mainly comprised of condensate-rich natural gas. The PRA is its original asset area. Its East Division is comprised of four regions: Central AB, West Sask, East Sask and Weyburn. Its Central Alberta region represents the bulk of its Cardium and liquids-rich Mannville assets.

TSX:WCP - Post by User

Whitecap Resources Inc

Bullboard Posts

Comment by MustangMatton Dec 07, 2018 3:07pm

124 Views

Post# 29084203

RE:RE:RE:RE:Divy

I think that is the way to view this, as an opportunity. Some caution is still warranted, however, like you say this quality on sale not garbage.

Managemnt is going to have to make some tough choices over the next 3 months. The temptation of going after CJ or TOG looks good but I think cation is the smart play here for now.

Protect the balance sheet, buy back shares, a dutch auction maybe if they get excess cash flow but the market is not rewarding you for adding extra barrels right now. Whitecap does have enough size to withstand the storm for a few more years I don't think growth is the right call now. Deleverage, buyback share grow production maybe 1-2% that's my call for 2019,

Cheers Matthew

Bullboard Posts

These stocks are the top picks for Canadian ETFs