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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

Comment by riskion Feb 14, 2024 9:52pm
195 Views
Post# 35881054

RE:This has turned into a real dog

RE:This has turned into a real dogGassy names can be frustrating. NG prices can tank fast and stay low for long periods of time. It seems like NG is red or flat a lot.

That's why I sold this at the time of the XTO acquisition. WCP became a gassy name and I've owned those before and didn't like the fragile NG market. I did like WCP when it was an oily name.

On the other hand, if we do get a strong NG pricing uptrend, WCP will see some torque. For all those holding, I hope this comes sooner rather than later. In the meantime, enjoy the dividend.

barneyj44 wrote: over the last few months, a real lagger on the way up and quick to sell off. Sure hope Grant has something positive to say come quarterlies.  It's been a real dissapointment as dividend isn't keeping up to capital erosion... Are investors moving to more torquey names?


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