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

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Post by Kylejtmon May 06, 2022 4:48pm

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Post# 34663488

Something to keep in mind

WCP NCIB is set to expire May 20th. Perhaps we see Grant make a move to take advantage of remaining room. If it doesn't happen, the narrative remains very bullish. Grant previously stated he'd prefer to purchase outside of the market from funds or institutional investors to prevent shares from being dumped into the market. If this does not occur it reinforces the strength of perception in WCP Either way... win win considering ongoing generation of FCF.

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