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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 Aug 16, 2016 12:14pm
86 Views
Post# 25146314

So you have the Saudi's and Russians............

So you have the Saudi's and Russians............buying depressed oil stocks, talk up the price of oil with fake meetings and production freezes. The sell the stocks at the higher prices (hence the diconnect between the price of oil and stock prices).
They short the stocks through their surrogates (Goldmanand others), announce the breakdown of talks, oil plummets and they fill their depleted coffers). Easy peasy.

But what do I know, I am just a dumb retail investor.
Bullboard Posts