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 > Bank of America

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Comment by mogilnyon Sep 13, 2021 10:40am

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Post# 33848231

RE:Bank of America

BoA is notorious for these sham reports. They are just generating short term hype. Oil at $65-$72 is idea for Canadian E&P. Higher prices just means lower consumption and pushing people to EVs sooner.

OPEC released their monthly report, they added 900k/day for the 2022 forecast and reported supply challenges. Good news for Canada.

https://www.marketwatch.com/story/opec-raises-forecast-for-2022-growth-in-global-oil-demand-2021-09-13

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