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 born2tradeon Jun 29, 2022 4:19pm

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Post# 34791733

Oil in multi year bull market ?

Like many industry experts , RBC is forecasting multi year bull market for oil . In recessionary environemnt , oil price may drop to mid 70 but likellihood is only 15%. No one can predict the future but this one is easy hold for me as I bought it in 2020 when it was complete blood bath - more than 4X return wtih today's drop excluding dividend and 20% dividend on my initial investment :) Do what is best for you and more importantly have fun guys . .

Link if you haven't read it .

<<https://ca.sports.yahoo.com/news/rbc-sees-strongest-fundamental-oil-market-set-up-in-decades-maybe-ever-195425421.html>>

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Geologica Resource: Polymetallic upside at a depressed price