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Whitecap Resources Inc T.WCP

Alternate Symbol(s):  SPGYF

Energy Oil & Gas E&P
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

Whitecap Resources Inc
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Post by TimeBuilderon Sep 16, 2022 1:59pm
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Post# 34967483

FYI > OIL pricing Comments

FYI > OIL pricing Comments

Oil Trading Higher Ahead of Coming Rate Hikes from the Fed

08:30 AM EDT, 09/16/2022 (MT Newswires) -- Oil prices moved higher early on Friday despite concerns over slowing growth and weak demand ahead of coming rate hikes for the United States.

West Texas Intermediate crude for October delivery was last seen up US$0.78 to US$85.88 per barrel, while November Brent crude, the global benchmark, was up US$1.14 to US$91.98.

The rise comes despite a strong dollar as the Federal Reserve readies to hike interest rates again when its policy committee meets next week after inflation rose more than expected last month. Chinese demand also remains low, as the country continues with a zero-Covid policy that has shuttered major cities.

"Demand in China continues to linger after the IEA said the world's largest importer of oil was heading for its biggest annual drop in demand in more than three decades," Saxo Bank noted.

Still, China reported a better than expected economic performance in August, with industrial production and retail sales rising strongly despite lockdowns.


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