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.

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Whitecap Resources Inc > SPR release last week 1.6 mb

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Comment by 2021Gambleon Nov 24, 2021 4:54pm

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Post# 34163222

RE:RE:SPR release last week 1.6 mb

I'll see what i can do about posting a summary 1970Craig.... But yes... Most of the 18 portion of the 50 has already been released over the past 12 weeks (very quietly)..so the 50 is a scare number, because 32 just isn't big enough to make a difference, but it makes for great press ;)

As for the 32...they aren't releasing next month, but over the next monthS... Yes... Months...likely 1.5-3mb per week over 12 weeks .

Whatbi can clarify right away is when the API or EIA report their weekly build/draw 'number', that excludes and SPR withdrawal, and they are also reporting for Crude Only, not total petroleum.

So the written report inposted earlier showed the total petroleum reduction. that is the number to really pay attention to, along with the refinery run percentage

As I say, I'll try and post a summary from Sept to current

1970Craig wrote:
Hi Gamble.

thanks for the daily info. Keep it coming. I just want to ask for clarity a question around the SPR release and what I think to be these amounts being released weekly you mentioned that they weren't saying prior anything about the small draw downs from SPR .
You mentioned that they finally came clean about the 18 Million barrels they already quietly relased , leaving 32 Million more to be released beginning next month ?

So for clarity does this small draw down again this past week along with the 18 Million already come off the 50 Million SPR release. I believe I saw they ( government) said this ? Just feel like you have a better grip on this.

Then finally and to me far more important is this ........ can it be concluded that when they release the EIA or API numbers this is taking that million plus SPR release into consideration.

I would think it does , and if it does they already are and have been quietly MANIPULATING the general public as to what is the reality. The strategic Oil reserve is not Joe Blow barrels , it's for actual real world problems like massive hurricanes , floods , disasters , was time , so this oil has to and must be replaced.

So looking for clarity there !!! Just feel if these assumptions of mine are corect he did this in a way that hides the 18 M in the 50 M release that essentially manipulated the weekly numbers over the past year
If I am right we were looling at numbers that included barrels that have to be replaced!

C