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Whitecap Resources Inc T.WCP

Alternate Symbol(s):  SPGYF

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

Post by whatyouthinkon Sep 08, 2020 12:51pm
274 Views
Post# 31520663

Bullish review of WCP

Bullish review of WCPhttps://seekingalpha.com/article/4373021-whitecap-resources-must-own-oil-stock?utm_medium=email&utm_source=seeking_alpha&mail_subject=spgyf-whitecap-resources-a-must-own-oil-stock&utm_campaign=rta-stock-article&utm_content=link-0

Whitecap Resources: A Must Own Oil Stock


Summary

Whitecap acquired NAL Resources for ~$155 million in an all-stock deal.

Whitecap has maintained its very good dividend, and the future looks bright for increases once the price of oil recovers further.

Whitecap remains undervalued as National Bank raised its price target to $4.00.

Whitecap looks ready to take on the 200-day moving average once again.


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