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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

Comment by 1970Craigon Oct 21, 2021 4:42pm
180 Views
Post# 34034769

RE:Reduce CO2 Emissions MOU / WCP PR

RE:Reduce CO2 Emissions MOU / WCP PR

What I get out of this is it's at least as far as I have seen , is it's the first mention of WHITECAPS NEW ENERGY TEAM doing this FEED ( front end - engineering & design ) this is a SERVICE , and is not just table talk discussion ? 

    Early days on the ENERGY TEAM and where it's headed , but this looks to be a step or to me it's the first mention of concrete action , and does give some direction  as to where there working towards at least for now.  

     So here is my question ?

1) what does WHITECAP GET PAID or how is it determined ? 
2) why does this press release sound more like charity for the sake of looking good in today's world , as it's all about the good it's accomplishing , witch I like sure ............................... BUT..........This is a SERVICE , its using whitecaps Human Resources, it's using the WEYBURN ASSETT  , there is no mention of SERVICE FEES, or UNIT COSTS , or VOLUME FEES PER TONNE CO2 re-capture    ?
      I like it if it is a source of revenue or it gets us money from the government  in the form of credits or who knows
   

    Why do things of this nature always seem to focus on the geeen aspect ( once again Its good but ...) and not discuss the fees or opportunities as far as this being a serious revenue generator ? 

    Pardon me but these press releases always come off looking like charity work ?  

  

   
     

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