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.

TSX:WCP - Post by User

Whitecap Resources Inc

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Post by WINDGOD46on Sep 07, 2022 10:09pm

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Post# 34948460

Backtracking on its folly

Anages kai theoi peithode, When in need even Gods are persuaded( an ancient Greek proverb). The West begins to awaken from its misty dreams and face reality when it's about putting a cap on Russian oil and gas. Here is an excerpt from the Financial Times:Financial Times

@FinancialTimes

The idea of putting a price cap on Russian oil is to cut the Kremlin’s income without cutting the flow of its oil to a tight global market. It is a colossal gamble and it could backfire, says our US energy editor  					@derek_brower

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