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.

TSX:WCP - Post by User

Whitecap Resources Inc

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Comment by Johnnysbackon Nov 29, 2016 10:27am

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Post# 25526953

RE:RE:RE:RE:RE:RE:WCP decoupled from WTI and Brent

skyplt wrote: I believe OPEC not coming to a consensus is now priced into WTI and consequently WCP. As the CEO of SU said when he emphatically denied putting a stink bid in for COS (hmmm...it's just not the Saudis who are capable of deceit), hope is not a strategy. That being said, I sure hope WCP is seeing a bottom.

Given 10.66 and about 100K of WCP shares trading hands, this is not the massive run for the exits some were suggesting.

But then...the day is young.

WCP can go under $10 again... but its stronger than most. BTE would hit $4 for example and WCP would still be $9.80 likely. There isnt a lot more downside, but there is still some. its a buy on any weakness into the low 10's in my opinion.

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