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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 tollycrafton Jul 03, 2022 7:25pm
315 Views
Post# 34798319

Oil not going anywhere

Oil not going anywhereI am looking for a comeback this week on all oil stocks.  I see WCP at close to $10.00 by the end of the week. The dividend WCP is offering up now and in the future will continue to attract investors.  Yes we have inherited a substancial amount of debt but lets face it, is this new for any oil company??  The biggest majority ,if not all, have been running debt for how many years now.  Look at where all companys were in 2020.  If that didnt scare the beejeezes out of ya nothing will.  Oil is back, yes it 's had its bad weeks and as far as where I sit this is just ine of them, even if it is several of them.  Supply will continue to be low, demand will continue to be high and regardless of what happens in Ukrain it won't change that.  My heart goes out to those people of course, and I do wish them the best. We need to sit tight now and watch this week get better as it will.

GLTA
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