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 > Ink Research

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Comment by Davesnothereon Jan 25, 2022 9:43am

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Post# 34357511

RE:Ink Research

retiredcf wrote:

Overview: Sentiment and Stocks

The INK Canadian Insider Index fell 0.9% Monday which nudged the index into negative territory year-to-date, off 0.2%. During the day, the selling was significant with the index off about 5% at one point. During such selloffs, we look to see if insiders view the situation as a buying opportunity. We already have several examples, and today we highlight three of them in companies with either mostly sunny or sunny INK Edge outlooks. While the amounts may not seem large to some readers, we put more emphasis on the context provided by the outlook. Moreover, we suspect very few company insiders have significant piles of cash sitting around to be deployed at a moment's notice. As such, we view the discretionary act of buying as being the most important consideration.

BC-focused natural gas driller Crew Energy (CR) was our top-performing morning report stock in 2021, advancing 321% from first mention on February 1, 2021 to year-end. On Monday, we saw a director buy as the stock traded below $3.00. Sticking with the oil patch, we also saw more insider buying at Whitecap Resources (WCP), last featured here on January 5th after we spotted insider buying. In the mining area, we saw some buying Monday by the VP of Corporate Development and Investor Relations at Filo Mining (FIL). Filo is focused on its 100%-owned Filo del Sol copper-gold-silver deposit in Chile. On January 19th, it released drilling results from hole 54 that returned 1,224 metres at 1.26% copper equivalent from a depth of 146 metres. The results are part of Filo's 2021/2022 drilling program that is a combination of resource definition drilling and step-out holes. A 2019 pre-feasibility study pegged the project at an after-tax NPV of US$1.28 billion using an 8% discount rate along with other assumptions.