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 > Nice little gap up today!!

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Comment by mlcb2525on Mar 02, 2021 3:33pm

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Post# 32697325

RE:RE:Nice little gap up today!!

I am not sure about that. I think the pop in price is WCP specific. Things are lining up nicely for WCP. Some of my other oil stocks seem to be weakening into the close.

I think OPEC will loosen production. The market short term may react negatively to this. I think this is good news as it will help to get rid of excess OPEC capacity just prior to the ramp up in demand as the economy recovers with the roll out of the Covid vacine. Also, it will help to keep the lid on USA shale.

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