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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 > Why the poor reaction to oil and gas?
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Post by rico91on Nov 06, 2022 8:10am
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Post# 35076796

Why the poor reaction to oil and gas?

Why the poor reaction to oil and gas?I must say that I am surprised and baffled at the response to the jump in oil and gas prices by the markets on Friday. Oil up 4.43 to 92.60 and Nat gas up.484 to 6.46,both huge daily moves!
However the price of most oil and gas stocks did nothing, up a bit or down a bit. Even Eric's fund was down on the day?
I can't remember seeing such a poor reaction to such very large positive oil and gas price jumps!
Was it because it was Friday? Is there any logical reason to think that oil prices are going to fall back hard on Monday? Could tax selling season be starting early?
If there is a logical reason for this happening, I would appreciate hearing it for anyone!
thanks
Rico
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