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Whitecap Resources Inc T.WCP

Alternate Symbol(s):  SPGYF

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.


TSX:WCP - Post by User

Bullboard Posts
Post by 4ME2URUSTUCKon Jul 27, 2015 1:29pm
196 Views
Post# 23963586

Bearish?

Bearish?Ouch!, When the Bullet Hits the Bone, Wcp as we all know has been on a down trend for Awhile, Added to the previous catalyst downtrends is the CAD as well, BNN is talking a .70-.74c Loonie, A 11 yr low so far, A Month ago WCP was around 13.00 p/s. I'm sure Wcp is in a bearish Market at this point in time, as most commodities are tanking, A recession,? 2 Down quarters = Recession, Time will tell !, But on the flip side of the coin , It is a Great buying opportunity when the s/p may go lower. Don't want to add fear to the factor, but it is what it is, The T/A who cover these stocks are way off, with the volitility in this current market ! glta, Cheers!
Bullboard Posts