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 smarmyon Mar 19, 2015 10:35am

194 Views

Post# 23538133

RE:RE:RE:RE:Purchase of Beaumont Resources

GF is a deal junkie...not saying this is neccesarily a bad thing, though - public market games - he who does the most deals generally wins - at least for a while.

I think the waterflood potential pushed the metrics of this deal up - George at Bonterra paid similar metrics for a truly waterflood-able acquisition recently (Enerplus) but these metrics are way too high for a non-waterflood acquisition.

Successful waterfloods get the best action in a reserves report - long term and more sustainable production.

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