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.

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Whitecap Resources Inc > I sold today

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Comment by retiredcfon Jul 04, 2022 10:20am

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Post# 34799011

RE:RE:I sold today

Tommy123 wrote:
I sold too. If we hit a recession and oil can't hold triple digits. I suspect we'll head down to below the $5 range.

JohnnyDoe wrote: Sold out my position, moved it elsewhere in the cdn oil patch. At the end of the day, slept on my objectives overnight, came to the conclusion that my objective and WCP's objective weren't the same resulting from this acquisition so I moved on.
I think the acquisition is ok although there is some commodity price risk but they kicked shareholder returns down the road and that's where the objectives diverged

Given that you have sold your shares, presumably the only reason that you are still on this BB is so you can bash. Don't let the door hit you on the way out. GLTA