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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 mogilnyon Sep 01, 2021 10:40am
298 Views
Post# 33794018

September Report

September ReportNothing really out of the ordinary and alarming.  2021H2 Hedge at around $67 cad for 40% of production.   3 year plan is to pay off debt at $60WTI.   No mention of dividends increase or share buy back plan other than NCIB.   I have to say, this report appears to be for bankers not investors.   Ultra conservative, low risk and business as usual.   Maybe they are looking for new financing for a project or an acquisition.   
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