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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
Comment by Cardboard1on Mar 10, 2020 10:34pm
123 Views
Post# 30791442

RE:Who gains more buying back shares than WhiteCap

RE:Who gains more buying back shares than WhiteCapTotally agree and these guys have a low decline rate along with low costs, low debt so they can do something like that.

Then once the purge is complete, they can ramp-up production or exploit their reserves at decent prices instead of pizsing it away.

If we were talking about a couple $100's of millions to buyback 10% of shares as it was only a few weeks ago it would have been too much but, now $80 million is small vs a capex budget of $360 million and a rounding error vs $1.2 billion in net debt.

Why is it so hard to buyback a lot of shares at $29,000 per flowing or what you know best while they have no problem buying companies like they did recently for $16.2 million for 600 boe/d or $27,000 per flowing?

Was it that much better than the company itself?


Bullboard Posts