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 > Total B.S

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Comment by pierrelebelon Apr 04, 2023 6:50pm

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Post# 35379885

RE:Total B.S

a reasonable explanation.???

Oil price (WTI) is only one factor determining the share price buyers and sellers.

When you look at the price of many oil Canadian producers over the last five trading days you may notice that WCP is been weak compared to thers. That is what the market is all about (possibly one or more funds sold some WCP to buy CPG or GXE for higher yield).

If you take a longer look - twelve months - you may see a slightly different picture.

All in all, despite the weakness of the last few days, WCP is an excellent long term investment.

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