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 summerb37on Mar 08, 2020 6:19pm

126 Views

Post# 30781150

RE:RE:RE:New Lows Coming Soon

Alberta responded in 2019 by:

Alberta will reduce the corporate tax rate by a third over the next 4 years to attract investment and create thousands of new jobs.

https://www.alberta.ca/job-creation-tax-cut.aspx

projectleopold wrote: Asking for another handout?

exprohibition18 wrote: Is Alberta going to respond as they did when basis blew out on heavy with curtailments?

Thinking royalty holidays, extended govt support to help companies thru. The opec fight will play out and hedges keep things intact for mths - but beyond that- its hard to see a scenario where there isnt some form of pushback or stimulus either from Trump, Fed rerserve (dollar weakness), or Alberta itself. Its not a vacuum . Its a war. Russia takes first points for the surpise factor but our industry will regroup with a good offensive response.