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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 Jan 04, 2022 2:42pm
173 Views
Post# 34282610

RE:RE:What's holding Wcp back?

RE:RE:What's holding Wcp back?

They took 19 million shares in a block trade.  To me that means those shares were being held for a long time by someone and they didn't hit the market but they hadn't affected the market either because they were held for a long time.  They then issued or gave 15 million shares when they bought those latest 3 aquisitions.  

   I can't help but think they are unloading right now or could be unloading some keeping the liquidity of the sellers side stronger.   Therefore keeping the price somewhat capped.   


    I could be wrong.   They are picking up closer to 10 percent at these prices based on 7.05 a share that was the value placed on these shares they took as payment. 


    Just a thought.   Eventually we will hace our day.  I focus on the numbers we have ?   So as long as they are real or don't change.  Eventually someone will wake up to this.   Or the others move and then someone sees us still a little undervalued and then we get picked last.  Still get picked.  Lol

craig 

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