Whitecap Resources Inc T.WCP

Alternate Symbol(s): SPGYF

Energy Oil & Gas E&P

Whitecap Resources Inc. is an oil-weighted growth 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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Comment by PAGODA5on Sep 23, 2014 12:07am

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Post# 22961009

RE:Will get in again low to mid 15 - yield getting better

Look at the geo-political situation in Iraq and try and figure how oil is dropping so much. As far as I can find, Iraq oil adds about 5 million barrels a day to the market. ISIL is very close to taking Baghdad. Read about their recent raid on https://www.presstv.ir/detail/2014/09/21/379506/iraq-army-launches-offensive-in-fallujah/

If they take Baghdad, they will embargo Iraq and those barrels of oil will be gone off the world market.

I think Obama is underestimating this threat and I think investors are glossing over this whole deal. I see oil over $100 by January.

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