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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

Post by WINDGOD46on Aug 09, 2021 11:00pm
315 Views
Post# 33676656

There will be no 2020 repeat

There will be no 2020 repeatWhen oil, WTI hit 75 dollars the dissenting member of OPEC +, the UAE, thought demand for oil was galloping higher and that they should be allowed to raise their base line and sell more oil. The Saudis, having been around longer advised caution for the  global economy was not out of the woods yet. Now, the UAE shieks are perhaps eating crow and wish they kept their mouth shut. At the same time the Indians were complaining for price gouging by Opec countries.Now that the oil price has crashed they do not express their condolences to the oil producing countries for losing so much money daily. But the Saudis are not going to let things get out of control and see oil go back to zero like in 2020; They will take oil off the market and put a floor on the slide of oil price, much to the dismay of the Crime Syndicate, shorts and co. Already the shorts held off today and started covering their a$$ later in the day. Shorting at this price is I suppose too risky, and the market parasites have a very strong instinct of survival, like all parasites.
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