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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 > Department of Energy released 2.7 million barrels from SPR
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Post by traderbrion Jan 04, 2023 5:43pm
313 Views
Post# 35203772

Department of Energy released 2.7 million barrels from SPR

Department of Energy released 2.7 million barrels from SPRWhen is it ever going stop?
This tapping the SPR every week along with refinery shutdowns is having a negative affect on oil prices and share values.
It's nice to have the increase in dividends but it's not much use if the stock value is constantly being slapped down.
If the day comes where the US is threatened for energy security and the SPR is drained we will see a huge spike in oil prices, hope it comes on Bidens watch.
Cheers

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