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.

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Whitecap Resources Inc > WCP is an absolute favourite

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Comment by mogilnyon Jul 31, 2021 8:46pm

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Post# 33637649

RE:WCP is an absolute favourite

@$60+ WTI this one is a no brainer. Need to be clearer on how they plan to spend their cash flow. Debt repayment is responsible, but with their interest at only 3-4%, I think buy backs at these prices will be a bigger bang for the buck.

I would also be more careful about these accretive acquisitions at 70 bucks oil with backwardation. They should buy based on 60-65 bucks oil instead.

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