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 > Torc Merger

<< Previous

Bullboard Posts

Next >>

Comment by mogilnyon Aug 30, 2021 9:27am

237 Views

Post# 33780952

RE:Torc Merger

It is hard to say where Torc would be at this point by itself. It is anybody's guess. The merger efficiency hasn't really kicked in, yet, so it hasn't shown up at the bottom line. Operating costs in Q2 2021 doubled from Q2 2020 to 140 million in a quarter while production grew around 80%. I wouldn't call that efficient. It takes time to re-org personel after M&A, lets hope WCP can be more lean in the coming quarters.

<< Previous

Bullboard Posts

Next >>

BMO evolves InvestorLine with enhanced tools for options trading