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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 Olliethegoalieon Aug 18, 2022 10:28pm
323 Views
Post# 34906455

$125 OIL

$125 OILDoes anyone not see oil hitting $120 a barrel sometime again this year. 7 million, yes 7000000 barrel draw in inventories.  In 1 week. Plus temporary spr releases will run out, plus China shutdown will end. We seem far from peak demand but how much more supply is coming. Distillite draw will,only just beginning in my opinion,  heating fuels and harvest fuel still to come. A lot of reasons to support a higher oil price in my opinion. Who agrees?
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