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 > explaining the current WCP price

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Post by WINDGOD46on Aug 05, 2021 8:49pm

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Post# 33661685

explaining the current WCP price

The current P/ E ratio of the oil industry is 17. The current earnings for the year for WCP per share is 33 cents, according to the Wall Street Journal. The current price of the stock according to this metric should be the industry P/Eratio 17x .33 cents= $5,65 The stock is trading at $ 5.40 today. If however the earnings per share per year go up, say 50 cents, then the forward price of the stock will be 17x 50= 8.5 dollars a share in 12 months time. These estimates are approximations and are subject to change depending on the price of oil and other factors.

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