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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 WINDGOD46on Oct 14, 2021 8:11pm
335 Views
Post# 34007490

RE:Happy and disappointed

RE:Happy and disappointedTo understand what is happening in the oil market you have to understand how fund managers make decisions. Unlike the individual investor that can decide what to do with his money and where to invest it, fund managers do not have that option: they have to follow investment guide lines which likely are taken by the board of directors and the fund manager has no choice but to follow the guidelines or he/she loses his/her job. And the trend in the oil market is "buy the dip and sell the rallies' because there is no long term future in the fossils energy. That is why, the other day I mentioned the "generalists" people like you and me, can make the difference by buying oil stocks. Do not expect the money funds to get in and buy massively oil companies, especially small or medium size companies. This explains why WCP has treaded water for the last 18 months. This also is the position of Eri Nuttal who pins his hopes to the "generalists" and not hedge funds or mutual funds investing in oil. But, but, that is alright we'll take the "outcasts" as long as they perform and deniers will come around sooner or later and WCP  is bound to be the game changer. Good Luck folks
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