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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 > Inventory numbers
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Comment by itsalieon Oct 13, 2021 8:37am
272 Views
Post# 34000142

RE:Inventory numbers

RE:Inventory numbers
1970Craig wrote:

I think we are going to see a lull here , minor pullback . Unless we get a nice inventory draw , the last 2 weeks have been gains in stocks . They are calling for a 100 k barrel gain.  So fairly flat.   So I am hoping we show a nice draw.   We have had a nice run of late and it feels like there will some profit taking ?  

    The current bid is 7.41.   This is early and the market does not open for 2 more hours.  However it's lower than the previous close.  I don't see much out there ther coukd cause this rally to continue.  Except time with a good trading range for oil.  Just feels different right here and I think we could see a sell off and some consolidation. 

All is good and it's just a thought.  No real reason , more a guy feeling.  Although not unlogical 

Good luck all
C 


 

3rd quarter numbers can't come quick enough. I'm not sure how there can be a major sell off with those numbers 3 weeks away. All oil stocks will have crazy good numbers 

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