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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 Playacaron Jul 01, 2022 6:23pm
2418 Views
Post# 34796812

Acquisition

Acquisition Being a senior and living off my investments I'm very disappoint.  All long WCP keep saying that their objective was to reduce bank debt and increase shareholder dividends.  Now they have added 1.8 billion in debt.  I don't want to wait another 18 months.  Also what happens if oil takes a nose dive and it's back to 50 dollars.  I will be selling all of my shares and increasing my holding in cardinal.   Looks like you can't trust WCP management.  Don't understand this deal at all.  Very little upside and lots of risk.  
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