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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

Comment by Citizen13on Mar 30, 2023 3:15pm
203 Views
Post# 35370036

RE:Like to see

RE:Like to seeThese days a buyout of that size might destroy the SP for a long time. If guys dont see share buybacks, debt reduction and the 6 cent div per month soon , they will bail.  Short sighted yes, but just the way things are going these days. I kind of agree, at some point in time an ill timed aquisition can destroy everything a company has been trying to acheive. I knew people who flipped houses, They made profit on a few and then an ill timed one made them lose everything and more. I think the producers should just chill and ride out the price surges that are coming . Then maybe get a whole bunch of free cash from the greenies to ride an EV revolution wave that will likely be impossible if current conditons prevail. Not enough metals, no possibility of nukes = disaster.  Great noble ideas from the minds of children. 
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