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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 Dogsbreakfast4Uon Jun 30, 2022 7:21pm
444 Views
Post# 34795351

I bought in 2014

I bought in 2014I have held this stock since 2014 in my rrsp for the dividend. I did the same thing with CPG. Both were huge mistakes. As I said previously I sold half my position in WCP in the $12 range at a loss a couple of weeks ago thank gawd.  I am still way under water now for the rest of my position. In other words anybody who bought 8 years ago is still way under water. You call that a long term investment? The only people making money consistently is Grant and his management team with the massive salaries  and options we the owners of the company give them because we are so generous with our long term...losses. Commodities stocks are all about buying low and sell higher not buy and hold. 
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