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 > Block trade - payment in shares

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Comment by WINDGOD46on Jan 05, 2022 3:44pm

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Post# 34286602

RE:Block trade - payment in shares

WCP bought back 19M shares at $6.30 or something price and issued 15M to the company they bought the oil reserves at about $ 7.50 which was a smart move. Now if these monkeys sold today part of these shares , we are in for a very long suppression of the stock. That is perhaps the sp is stalling and going nowhere. That is why I am against these kind of deals. Similar deal made the CPG co when they bought a company couple years ago But now they are coming out of it and the stock has taken off..

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