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Whitecap Resources Inc T.WCP

Alternate Symbol(s):  SPGYF

Whitecap Resources Inc. is a Canadian clean energy 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 tollycrafton May 20, 2022 4:56pm
233 Views
Post# 34699521

No change

No changeIm still in as the main issues have not changed.  Demand is still high, and will go higher as the summer progresses, inventories are still low, as far as I know there is not a lot of companies drilling new wells as all are being cautious.  WCP and other companies are making gobs of cash. The fact of the matter is, January 2021, oil was $50.25 a barrel, it doesn't cost any more to get a barrel of oil out of the ground now  than it did then and we're more than double the price! Cuise ships are sailing, planes are flying (Air Canada bought more planes this year) retrictions have been dramatically lifed so people are going to take advantage and travel, camp and go on vacations.  Beyond all that WCP pays a more than reasonable dividend and could continue to do so at $45.00 a barrel.  We are a few weeks away from the second quarter financials and I do believe WCP will double or colse to double the dividend.  They will continue buy backs that will also increase the value of our shares. I get it, I get frustrated too with the stock price however, most of the time, and I say MOST of the time when we drop so does most of the oil industry so I take that into account.  I have 100 % faith in this stock, the company and management, Our patience will be rewarded, hang in all!!

GLTA
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