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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 Jul 25, 2022 2:21pm
237 Views
Post# 34848825

Lagging behind

Lagging behindAs  usual, We continue to lag behind CPG, we actually were pretty close the other day but I knew that would'nt last.  Dont get me wrong, I'm happy for the CPG investors, they hung in and are seeing some rewards but lately we are contantly behind when it comes to share price increases, today again, at the time of this post we're about .20 cents behind.  It may have a lot to do with the  WCP recent purchase.  While I know in the long term it could be a good investment but they should'nt forget a few years back them ,and a lot of other companies, reinvested and started drilling like crazy then all of a sudden they could'nt move the oil they had.  I certainly believe in investing when the time is right however they did promise better retirns to shareholders and quite frankly the last dividend increase came up waaaay short ,in my opinion.  I agrree with Eric Nuttal in these are the times when your flush with cash, reward your shareholders FIRST then look at further investents/purcahses.  That last move left a bad taste in the mouths of a lot of shareholders as up until now they did what they said they would do. They clearly did not have rewarding the shareholders in mind in this last decision.  I like the company, I do have faith for the most part in management but when you say your going to reward shareholders do it, not some to the people with all the risk and the rest for reinvestment. If they woud have at least offered the increase in dividends and perhaps a special dividend Im certain most of us would have bought additional shares, I know I would have.  Okay, theres my repetitive rant for the day.

GLTA
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