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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
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Post by pierrelebelon Nov 06, 2022 9:44am
270 Views
Post# 35077049

Strong Canadian dollar negatively affects oil producers

Strong Canadian dollar negatively affects oil producers

The Canadian dollar appreciated to $1.35, the highest in six weeks, after a better-than-expected jobs report suggested policymakers will need to continue to hike rates until it actually restrains the economy. The Canadian economy added 108K jobs in October, much more than forecasts of a 10K gain, and total hours worked went up 0.7%, the most since June. The Bank of Canada lifted rates by 50 bps on October 26th, following two consecutive meetings of bigger increases. Meanwhile, mixed signals about the US labour market dragged down the dollar sharply.


The US dollar lost 1.94% against the Canadian dollar on Friday, November 4th

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