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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 NonCredibleSrcon Jun 09, 2022 11:14am
199 Views
Post# 34743628

Perfect pullback today IMO

Perfect pullback today IMOOil steady - WCP price still does not reflect current value nor the increase in oil price of the last couple days (all next quarter earnings).

Modest lpullback is exactly what we need - time for everyone to get their footings.

Those looking for a Div increase before the next quarter release - I give you a 5% chance as I only expect that announced when WCP confirms they have hit their debt target. On the upside, we are probably 95% chance this is accomplished by the next quarter release.

One way or the other, additional value will be returned to the shareholders - via debt paydown, sharebuyback, and almost assuredly a divvy increase OR special div.

10s are gone - 11s? - might hit high 11s but just as a touchpoint - w/ oil steady we stay in 12s minimum.

I'm just making $hit up as I go along - but good luck to you all.
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