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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

Post by Kylejtmon Apr 20, 2022 11:00am
180 Views
Post# 34616421

BIG 3 CONTINUE DRAWDOWN

BIG 3 CONTINUE DRAWDOWN
April 20 (Reuters) - U.S. crude stocks, gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories (USOILC=ECI) fell by 8 million barrels in the week ended April 15 to 413.7 million barrels, compared with analysts' expectations in a Reuters poll for a 2.5 million-barrel rise. Crude stocks at the Cushing, Oklahoma, delivery hub (USOICC=ECI) fell by 185,000 barrels in the last week, EIA said. Report ad Refinery crude runs (USOICR=ECI) rose by 194,000 barrels per day in the last week, EIA said. Refinery utilization rates (USOIRU=ECI) rose by 1 percentage points in the week. U.S. gasoline stocks (USOILG=ECI) fell by 761,000 barrels in the week to 232.4 million barrels, the EIA said, compared with analysts' expectations in a Reuters poll for a 1 million-barrel drop. Distillate stockpiles (USOILD=ECI), which include diesel and heating oil, fell by 2.7 million barrels in the week to 108.7 million barrels, versus expectations for an 829,000-barrel drop, the EIA data showed. Report ad Net U.S. crude imports (USOICI=ECI) fell by 2.25 million barrels per day, EIA said.
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