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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 Citizen13on Mar 16, 2024 5:21pm
181 Views
Post# 35936787

RE:RE:RE:Reason why WTI may not decline

RE:RE:RE:Reason why WTI may not declineThe SPR has one mandate and that is to have a backup when there is a shock to supply. The rest of your reasons are a head scratcher. Stabilize prices for producers ?  What ?  Please site your sources . How many producers went bankrupt in 2015-2020 ?  Did you see the government concerned about that at all ?  LOL. A certain party was probably doing a happy dance when they failed. Anyways, there are clearly no rules that cannot be broken if they use the supply to lower prices instead of the designated use it was meant for.  There are smart people in every government . I'm sure they did the risk/reward scenarios and deemed the SPR not as important as it used to be say during the oil embargo fiasco where the USA relied a lot on imports . Otherwise they would not have touched a drop of it.  And these smart people would have to be much much smarter than the head cheese and his energy portfolio lady who didnt know how much oil the USA uses every day .  Equity ,Inclusion and Diversity at ts finest.
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