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.

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Whitecap Resources Inc

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Post by BayStreetWolfTOon Apr 20, 2022 4:06pm

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Post# 34617849

Information WTI dates vs Financial Dates

Good afternoon, I thought I would post the following for educational purposes for retail investors. Note today was the last day for May WTI contract settlement. This afternoon the front month moved to June.

Why is this important? Well when calculating an average WTI rate for a companies quarterly results you can NOT mix up contract and financial dates. You need to align them

For instance the WTI contract date you see on June 30th is NOT a Q2 price (rememeber commodities are a FUTURE price)

I track the contract prices by day and try to maintain a running chart feel free to look at my blog (I save the history)

Below you will see how the "Settlement dates" allign with the "Financial dates"

Hope this helps and please share with anyone if you feel it would help.

Note the Q1 average "settlement price" and the Q2 average "settlement price"

Also note the old saying sell in May and walk away...well for me there is NO chance I would personally sell knowing what Q2 looks like....compared to Q1...

I hope this helps

BSW, long and strong WCP through June 30, 2023

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