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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

Comment by WINDGOD46on Aug 05, 2021 11:31am
138 Views
Post# 33654844

RE:Too many shares

RE:Too many sharesIt is not so much the shares which dent a stock, CPG has 50 million less shares than WCP yet its share price is lower than WCP. What matters is how much debt each has. And I think CPG has double the debt of WCP. So it's important debt reduction takes priority over reducing the float. And if the oil price stays above $70 debt reduction will be subtantial the next two years, which will boost the sp. On the other hand S Arabia needs $80 oil to balance its budget every year and they are not going to flood the market to please anybody, the same way the big farmas or western monopolies gang up on the Third World countries would not reduce the price of their products.
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