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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 slacker101on Jan 12, 2016 12:45pm
201 Views
Post# 24450248

All I can say is WOW!!!!!!!!!!

All I can say is WOW!!!!!!!!!!Commodity prices I didn't think I would ever see. A dollar below 70 cents. New 52 week lows in so many oil companies and at levels I thought would never, ever happen and no sign of a bottom. There has not been a positive close on the TSX this year. Before I was worrying about dividends, now it is survival (and not just WCP). Whitecap's drop has been exceptional. Daily and persistant percentage drops that, to me, smells of a short attack assisted by the WTI drop. I mean. come on, a share price under $7 and looking to go much lower!

I am sure there are lots on here that are down a lot like me, and not just in WCP. I am frustrated, bewildered and like others, can't understand how rig counts can fall so much, yet production go up. Like many others, I should have sold long ago but I didn't. Now I have to trust that I did invest in good companies and even though they are down big time, I have to trust they will come back.
Bullboard Posts