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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

Post by jimgeorgeon Feb 23, 2023 5:41pm
479 Views
Post# 35302114

“Business development activities”

“Business development activities”Yes, Johnnydoe, that is a euphemism for making more strategic acquisitions.  I get that you don't want to see any of your free cash flow going back into the business, but reserve life and quality (low decline rates) are essential to maintaining production with minimal capital investment.  The acquisitions WCP makes provide great long term low capital sustainability.  I'll take WCP over any other divy-paying oil stock because I have faith that the divy will still be solid in 10 years.  WCP continues to be my biggest holding.  By mid 2023 it will provide me with almost $300,000 in annual dividends.  And I feel it's safe...
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