Whitecap Resources Inc T.WCP

Alternate Symbol(s): SPGYF

Energy Oil & Gas E&P

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

Whitecap Resources Inc > $5.60 , Support level?

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Post by Wildfuryon Mar 02, 2022 3:36pm

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Post# 34476398

$5.60 , Support level?

Looks like the line in the sand has been drawn at $5.60.WTI touching $112 and BTE is flat or negative, I've seen this movie before. The Q1 & Q2 reports will show a better picture, so be patient, enjoy the re runs for now and wait for the next film on Baytex, arriving in April 28th 2022. Keep in mind that Baytex is still up over 10% since last Fridays close. Nobody saw that coming, meaning Fridays 15% run. Someone is keeping this stock down, agree, many people shorting this stock, agree. It's time to dump this stock and move on, disagree.

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