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 > It's worth reading

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Comment by pierrelebelon Jan 21, 2023 4:34pm

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Post# 35237692

RE:RE:RE:It's worth reading

"...Buyers are slowly stepping in"

That trend will grow later this year (August/September) when the dividend is raised to $0.73 annually (26% increase).

In addition some of the "free cash flow" will be used for share buyback putting more upward pressure on the share price.

Finally, in the meantime shortsellers will realize thet should cover their position. That number is huge and that is good news for long term shareholders showing patience.

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