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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 Chad123on May 04, 2022 7:52am
266 Views
Post# 34654051

RE:You make a good point Dogsbreakfast4U

RE:You make a good point Dogsbreakfast4U
Indicator wrote:
Oil is a cyclical trading commodity, not a forever hold.

That said, the question begs are we indeed in a super cycle of bullish Oil due to lack of investment/supply as some pundits have forecasted (aka Nuttal +Tahmazian), or will Oil let longs down again as it did so well after 2014 when at that time pundits were predicting peak supply had been reached and it would never falter again, only to see the birth of fracking and a miserable Oil bear market for 6 years.

So may influences on the Price of Oil today, war and potential Russian Oil market squeeze, shale drilling and their supposed new fiscal religion,  ESG worries and the Lexus crowd holding their noses, Greta and her zealots ..... etc etc ... 

Time will tell ... in the meantime, after a fantastic bounce off the 2020 low, I now keep my bets more modest and nimble.

Good luck!



Your 2 pundits are correct as far as I am concerned. There is a shortage of molecules and it is not going to be fixed overnight.
At some point in time it will adjust to properly reflect a balance of some sort but until then just keep your eyes on the ball so to speak.
Unless the world goes into a global recession/depression, It is possible that we will not see oil under $70 again.
Cheers!
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