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.

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Whitecap Resources Inc

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Post by retiredcfon Mar 05, 2023 3:20pm

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Whitecap Resources - EPS of 52c beat estimates of 42c. Revenue of $1.11B was inline with forecasts. Production of 166, 392 was slightly above estimates. 2023 production calls for essentially no overall growth but 13% growth on a per-share basis. Capex is planned at $900M. Reserve growth was good and we remain comfortable here. We can see it as a buy in the context of the sector. (5iResearch)

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle