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

Bullboard Posts

Comment by Cardboard1on Dec 18, 2018 3:57pm

146 Views

Post# 29131202

RE:RE:RE:I added

Increased my position by 20% this afternoon. Nothing wrong with this company even at $45 U.S. WTI. Some hedges in place, low decline rate, very high netbacks. Dividend is within 100% of FFO even at these lower prices.

They always do the same thing nowadays: trash WTI after 2 pm. You can clearly see it on the charts.

I am also wondering if USO is not used to push the futures one way or the other. Not hard or expensive to move this by a few pennies while you can get really high leverage and dollar exposure with futures.

Cardboard

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