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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 tollycrafton Oct 03, 2022 2:50pm
314 Views
Post# 35002209

RE:WCP - POTENTIAL

RE:WCP - POTENTIAL
1970Craig wrote:

Oil is likely moving higher , not lower !  The price has held nicely and I feel this week we get the first leg up on the next run.  

   We have hung in here with oil under $80 and a pop in price say you 85 ?   I see us at 10 dollars and I see it quickly. 

  I feel the share issue is solved.  We issued tonnes of shares to purchase companies and I feel those shares have now been fully absorbed.  

  Those who have been here long enough know about the CPP having  a large position in Torq and when we bought them CPP ended up with more shares than they wanted and that along with shares issued for other transactions the market was flooded and we didn't get movement .  

   You can see the difference.  I feel strongly that on the first spike and it's coming we bounce fast to 10. 

   Let's wait and see.   I feel very good about WCP. Folks support in the dividend increases coming makes this with oil down or seems to be down honestly a solid solid investment. 

    One last comment ?  So everyone just chined in after there recent announcements regarding cap ex next year and you have on average a price target of $15 PLUS.  
   WHERE CAN YOU FIND $8 dollar stocks that are being touted at close to double.  

   Personally.  If we get half way to this before December I might be satisfied to pull out after a really nice couple of years.  This is in my blood.  So likely temporary!! Lol. 


  You have a company that just reiterated there targets and is suggesting there going to have a div of $.074 in 2 quarters ?    ?  Your kidding ?   

   It's all a gamble becsuse we don't control the big picture but last week might of been your last chance to get this under 9 ? Maybe ever ?   

    So once again don't listen to a thing I say I have no clue what I am talking about.   Really !!!!  


   C 

Agreed Craig.  I said not so long ago ,that OPEC would not let oil to continue to fall, that will be confirmed on Wednesday.  The rumours of that meeting  has helped at this point.  You were bang on with oil going up and NOT down.  Good to hear from you.

GLTA

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