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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 Zaccar1on Jul 04, 2022 2:36pm
263 Views
Post# 34799803

Where to go from here

Where to go from here
this latest deal, though probably a good one..and i am told there were more than 25 other interested bidders. ..is not what I wanted to see. My biggest issue is for months now, whitecap promoted pay down debt, buy back shares and return capital to shareholders. That has all been kicked down the road to future times. Sure they raised their dividend. But took on enormous debt. Though I bought another 20k this morning, I am now going to begin a long slow sell off in increments of 10k a month, perhaps more. I have loyally held a position for years, and took on a big position in March and April of 2020 and now have added 40k more over last few weeks. I will be lightening my position in a disciplined fashion going forward. I just feel like we were played. Still like the company .just feeling bruised. Good luck to all
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