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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 Newguy23on Jun 29, 2018 9:08am
152 Views
Post# 28250055

Summer

SummerI am convinced that we need a sentiment change to Canada in order to get this moving.  Oil has done what we thought and increased.  Probably going higher from here.  Everytime oil drops though it resets Canadian oil producers lower.  Just 2 or 3 weeks ago when Oil was mid 70s we were at 10.33 or so, now closing yesterday at 8.85 or whatever.  I am super bullish on oil aside from this stupid trade rhetoric.  If we get a NAFTA agreement of any kind I think that will be the catalyst for a big jump in Canadian stocks regardless of where the oil price is.  I think the missing link is foreign investment in Canadian oil stocks - thanks to our federal government for that.  I think should we give on Supply management for dairy in order to get NAFTA done and get back to business.  Then US can concentrate on China and if that gets resolved in the next couple months, look out... all commodities will rally.  If it drags on for 6 months or more, I think Donald Trump pushes the world into recession.  The only other thing that will bring the love back to Canadian oil E & P's will be a real crunch on supply that reminds everyone how necessary stable oil supply is (Ie big Saudi outage, etc).  JMHO
Bullboard Posts