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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

Comment by 1970Craigon Sep 29, 2021 3:53pm
245 Views
Post# 33938344

RE:Ninepoint Market View

RE:Ninepoint Market View

Thank you Under the radar !

His view point is almost spot on in my opinion. However , I think he doest touch enough on drillers , and the trust factor.   All of his words , view point come to fruition if the drillers don't begin raising production. I think if what I read and what we all read is because of lack of investment we are truly in a spot where it would take time to replace a short fall and if covid delta variant is beaten back or contained , as well as global macro economics recovering or continuing to recover in places like China, and the United States we will be under supplied . Shale is quick , and resilient , and I think the general investor needs to see more than 1 Q of discipline .   Trust will take longer , it will take less with dividends that can't be ignored !!        

    I actually think we might be okay here , that the majority of drillers will keep production in a 3 to 5 percent growth trajectory , while improving balance sheets .  Eric suggests within the next quarter there balance sheets will be fortress like !  Well , I think this is a bit over optimistic, well,  he is not wrong as far as I am concerned as LONG as the price of oil , gas , and the cost of borrowing stay in the range where we are in today. I love Eric's message especially when we have a few bad days I will actually go find a article like this ..... read it and feel less crazy !  .   He is the expert , but I also think there is not enough mention of India and there economy becoming middle class or more modernized ?  I still remember China in the beginning of what is now close to becoming the world # 1 economy if it's not already.  I remember incredibly well , as I am in the transport industry and how China , it's demand growth kept western Canada insulated from the Global bank crisis brought on by the mortgage scandal in the United States ( Greed ) ! All the residual business such as trucking , manufacturing, that went along with the demand in western Canada. It saved my industry . 
      I know India does get mentioned , and renewables will be a larger part of there energy needs being met as there middle class grows , but this is a massive population that is going to require massive amounts of energy , and this is in my opinion one of the reasons oil demand has not peaked  .   

   I really appreciate the articles , and well my 2 cents might not be enjoyed , or I may Seem to be on heavy Sedatives I take the time to write my opinions because I am passionate about investing , business , and most of all I love reading other opinions.  

   So thanks to posted like Under the radar and the others you know who you are !!  

    Peace ! 

 

 

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