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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

Comment by pierrelebelon Apr 28, 2022 10:44am
192 Views
Post# 34638823

RE:Great numbers

RE:Great numbers
"Sadly market doesn't like it."

???

The results for Q1 are good, very good, but were already discounted by the market and priced in.

Some traders expected another dividend increase - two months after the last one was announced.  That was not realistic.

Give it a few days and trading will settle around $11.00 per share - assuming WTI remains around US$100.

Patience will be rewarded.  I still expect WCP to trade in the $15.00 range sometime next year.  Not next week, not next month, not later this year.  Next year.  In the meantime the dividend comes in monthly and will most likely be increased in the second half of this year.

This expected capital appreciation and dividends work out to more than 50% return in a year or so.  What is wrong with that?


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