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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 pinecone11on Jun 23, 2022 9:25am
205 Views
Post# 34776609

Winter coming - Euros start to panic

Winter coming - Euros start to panic

BERLIN (AP) — Germany activated the second phase of its three-stage emergency plan for natural gas supplies Thursday, warning that Europe's biggest economy faces a “crisis” and storage targets for the winter are at risk after Russia reduced energy deliveries to several countries.

The government said the decision follows cuts Russia made to natural gas flows starting last week and surging energy prices stoked by the war in Ukraine. Industrial customers are being asked to reduce the amount of natural gas they use, and Germany and other countries are turning back to coal as a replacement, threatening climate goals in Europe as energy tensions escalate between Russia and the West.

“Even if we can’t feel it yet — we are in a gas crisis,” Economy and Energy Minister Robert Habeck said.

Russia last week reduced natural gas to Germany, Italy, Austria, the Czech Republic and Slovakia just as European Union countries are scrambling to refill storage of the fuel used to generate electricity, power industry and heat homes in the winter. Russia's state-owned energy giant Gazprom blamed a missing part sent to Canada for repairs as it cut flows by 60% through the Nord Stream 1 pipeline running under the Baltic Sea to Germany — Europe’s major natural gas pipeline.

Germany faces natural gas 'crisis,' raises warning level (yahoo.com)

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