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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 > "Ray of Hope"
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Comment by Davesnothereon Dec 21, 2020 5:32pm
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Post# 32155931

RE:"Ray of Hope"

RE:"Ray of Hope"UnderTheRadar posted this beauty , Thanks amigo !

“I’m optimistic with regards to the recovery for the Canadian energy sector, with a dose of cautiousness thrown in,” said Grant Fagerheim, CEO of Whitecap Resources Ltd., in an interview.

His company ends 2020 awaiting the close of stock-swap deals to buy Calgary rivals TORC Oil & Gas Ltd. and NAL Resources Ltd., transactions expected to boost Whitecap’s average daily production to about 100,000 barrels of oil equivalent per day.

Oil producers can make money from existing wells at current benchmark West Texas Intermediate prices of about US$45 per barrel, Fagerheim said, but it takes prices of $50 to $60 to make it worthwhile to spend money on exploration and development for new wells.

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