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 > CVE.t suspending "risk mgmt activities" $1.3B realized loss

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Comment by parchegon Apr 04, 2022 12:20pm

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Post# 34573411

RE:CVE.t suspending "risk mgmt activities" $1.3B realized loss

Correct me if I am wrong, but this is price risk mitigation by CVE (I am long CVE and WCP) signals a bullish outlook on the part of Pourbaix, head of CVE. To my understanding, risk management acivities means ridding them selves of short positions in oil/gas and puts in the options side of the equation. Short term pain for long term gain: good for the longs but a bit of heartburn for the day traders. CVE up a bi today in spite of the "hit"....Go WCP longs!

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Rig Count Soars as Utilization Surpasses Industry Averages