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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 Wildfuryon Nov 01, 2021 6:53pm
341 Views
Post# 34075221

RE:Whitecaps buying

RE:Whitecaps buying
Greetings 1970, as I posted last week after Whitecaps earnings, quote, don't be surprised if WCP lingers around the $7.50 range for a while, up 10-20 cents, down 10-20 cents. This is exactly happening now with the SP. Oil price still over $80 and possibly heading to $120 as per the media suggests. WCP will rise as long as commodity prices stay high and holders that get anxious because the stock isn't doing much will lose out. If WCP stock drops to say $7.00 or lower with no reason or bad news then yes I would consider selling too but definitely not now. My opinion for WCP is by December 31/2021, $8.50 - $9.25 per share. Don't misunderstand me, I wish it hits $12 or more, who doesn't. Be patient and concider that the $7.50 price range is just the foundation and support that's gearing up for the double digit stock price we're all looking towards. By the way Craig, 1970 was a great year and hope WCP hits $19.70 by 2023.
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