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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 pppon Mar 11, 2020 5:50pm
114 Views
Post# 30795857

RE:This Is The Question

RE:This Is The QuestionCan't blame it all on the PM, the oil companies in North America are just as much to blame. Shale drilling like no tomorrow. Oil sands expanding on and on. My hope is these cowboys learn a lesson one of these days.  All the companies need to quit drilling for on full year.  And the handouts go to the drillers and service companies.  Russia and OPEC are going to show these morons once and for all what kind of idiots they really are  Exxon Encana Chevron ect .WCP tried their best they cut production paid debt down and so on but the market still beats them into the ground.

I am hoping this is the last time this happens as IMO there very few investment dollars left for this sector. I bought this company because managemnet here did the best job of looking after their company. their debt is manageable they hedged they had FCF and they didn't try to increase production. Most companies didn't do that.
Bullboard Posts