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 > I am out

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Comment by churchofnutsaccon Apr 25, 2022 1:55pm

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Post# 34629658

RE:RE:RE:RE:RE:RE:I am out

For Whitecap and other oil stocks to fall 30% from here would mean some sort of demand destruction event - meaning more COVID lockdowns or a recession in which case, it and other names are going a lot lower. So in that case, what makes $7 a magical number? You might as well just say you are going to buy Whitecap at $2 as that would make a lot more sense.

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