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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.


TSX:WCP - Post by User

Whitecap Resources Inc > SPR BID and AWARD contract dates - a repeat ...
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Comment by Dogsbreakfast4Uon Apr 11, 2022 8:50am
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Post# 34593088

RE:RE:RE:SPR BID and AWARD contract dates - a repeat ...

RE:RE:RE:SPR BID and AWARD contract dates - a repeat ...

masfortuna wrote: The oil is sold in the futures market and is represented as a contract.  If 240 million barrels are expected to flood the market, then it would be logical to assume that the oil will be sold more cheaply than when there was no 240 million.  The bids close tomorrow on the first segment. 

 

I understand that but that process will continue over the next six months so why would oil spike back up after the 12th? If it does, it should be only temporarily and go back down again when next month's release and bidding contracts are set to resume. In other words, isn't the price of oil capped to a certain extent over the next six months?

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