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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 Oct 30, 2022 9:12am
304 Views
Post# 35058388

Better times

Better timesI forcast a better November as I do see oil hovering around the $90.00 plus range with winter moving in slowly.  I also see WCP selling off some assets and meeting their debt goal this year, sooner than later. I do watch this stock too much as I believe barney or moemoney pointed out at one point.  I have commented before that "I have 10 stocks on my radar and how many times we were the only ones in the red" Friday was another of many examples that all 10 I watch were all in the red.  I guess my expectations of WCP to always be in the black, or at the least leading the pack slightly, are not realistic.  I've been around long enough to know better.  My a...s got a little sore with the purchase of XTO a while back and that purchase putting us more in debt, but it is a postive step towards sustainability, I 've accepted that now.  WCP has always been forthcoming with their goals and have done for the most part everything they said they would and management still continues to themselves  invest in this company.  I like the way November is shaping up and to predict $12.00 plus as well before the end of November.  After having said that, I also think there are some tough times ahead in 2023 as I believe we have a couple more small Bank of Canada increases coming, more likley  in the .25 point range consecutive as I believe we are closer to the end of the increases than the begining.  Our inflation numbers are falling off slooooowly so that will help, but still a bit of a rocky road ahead. 

GLTA
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