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 > TD Current pre-opening bids - WCP $9.33 CPG $9.25

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Post by pinecone11on Jun 30, 2022 9:13am

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Post# 34793302

TD Current pre-opening bids - WCP $9.33 CPG $9.25

Looks like those who use dividend income as part of their day-to-day living income were disappointed yesterday and many liquidated their WCP holdings.

But the majority of investors believe that WCP management made a wise move with the XTO deal.
Not all of us need monthly dividend payments to live.
More dividends means more income tax.

Capital gains can accumulate tax-free.
And over time, inflation will reduce the real cost of yesterday's deal.
Or maybe some investors believe that the Liberal-NDP coalition will eliminate inflation. Fat chance!

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