Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Comment by tollycrafton Jul 22, 2022 7:55am
207 Views
Post# 34842468

RE:RE:RE:WCP- SECTOR - Russian price cap ?

RE:RE:RE:WCP- SECTOR - Russian price cap ?
1970Craig wrote:

Well said Pierre.  I do think the intention is to sell to China India the ones buying of now under market.  So many curve balls and it crossed my mind that a capped price on Russion oil could affect the cost world wide.  

  I do agree with your assessment

, the curve ball is what I was suggesting.  Your absolutely right to say don't focus on the day to day minutia.  Always a good reminder. !

 So that brings to the bigger Picture and we are (WCP - a few of other holdings ) all making a lot of money .  

   Look forward to 2nd Q earnings.  

  Take care all !!



Good points piere and craig.  I still think the bottom line is this.  There are a number of bigger players in this sector, the 40, 50 60 $70.00 a share guys.  Their companys shares are WORTH those dollars because their Worth those dollars!  Their value is because of assets, profits,and future inventories.  As WCP has said before,they can still pay the dividend based on $40.00 oil.  Part of a companys value is based on profit, and WCP is extremely profitable and this will be even more evident when the second quarter financials are released next week.  In my opinion the value of this company will not change regardeless of what Russia, China, India and whoever does to manipulate the market.  I believe our share value will not only hold, but continue to rise. IMHO.  Good luck all, looking forward to next week!!

GLTA

<< Previous
Bullboard Posts
Next >>