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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 ElectroWaveon Jun 29, 2022 5:57pm
170 Views
Post# 34792064

RE:11.5 million shares traded

RE:11.5 million shares traded Pour a drink out for the banker's who advised on this deal.  Likely the company would have performed better growing reserves and production organically through the drill bit and existing land base. I actually thought the stock would sell off -8% today, so it at least it wasn't that bad.  It's hard to find a Canadian energy producer I like now except CNRL.  And also Journey Energy... Valuations for a lot of energy companies are getting so compressed that the whole sector is ripe for a private equity shake up.
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