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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

Comment by filefishon Sep 10, 2022 2:26pm
304 Views
Post# 34954386

RE:RE:RE:RE:WCP AECO gas exposure

RE:RE:RE:RE:WCP AECO gas exposureTwo weeks have gone by and no reply from IR regarding the WCP / XTO gas production sales markets. AECO pricing continues weak and is considerably discounted to HH gas prices. As time goes by this becomes significant, as WCP has only a small portion of their production hedged. Can anyone shed some light on this?  

filefish wrote: Understood, but still would like to better understand WCP NG geographic sales outlets, especially in light of XTO NG production coming on board soon. Hopefully IR will provide details. quote=jimgeorge]

Don't be misled by the Ab spot gas price.  It's a temporary situation, apparently caused by outages on the Nova system reducing the takeaway capacity temporarily.  Very little gas is sold on the spot market, and winter gas futures in Ab are running around $7.00 right now.  All will be fine!


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