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Whitecap Resources Inc T.WCP

Alternate Symbol(s):  SPGYF

Whitecap Resources Inc. is an oil-weighted growth 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 uogradon Mar 12, 2021 10:46am
272 Views
Post# 32784956

bit of a tough week here

bit of a tough week hereFirst trade on monday morning was 6.82 and now 6.19

my spider senses tell me that some funds were a little overweighted in wcp stock after the torc acquistion so are lightening their load to get down to the per cent of ownership they are comfortable with.

I myself dumped a good chunk in the last couple of weeks at higher prices.  Normally I would buy back but seeing how it is a friday I think I will just keep my powder dry until monday and see how things look then

dividend of 2.76 at current prices is not a great incentive either.

flip side is whitecap is killing their budgeted cash flow and earnings so that is never bad.
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