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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

Post by WINDGOD46on Dec 03, 2021 10:38am
236 Views
Post# 34194629

Another short squeeze?

Another short squeeze?It seems so; after so much shorting hoopla and catastrophic rhetoric disseminated by the crime syndicate and its followers, shorts et al. Shorts were expecting that if OPEC+ would not cut back production, WTI would plunge in the depths of hell. Well, one more time the prophets of doom and gloom were proven wrong. OPEC+ did say we'll raise the Jan, production by 400bd, but focusing on the detail, they said that that was conditional on the pandemic situation and could be adjusted accordingly, meaning that the production cut back was on the cards. Well, what do you know.
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