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 > First Qtr Earnings

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Comment by biker222on May 04, 2023 4:47pm

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Post# 35431183

RE:First Qtr Earnings

mugs , the price of gas ( xto) went from 6 ish to current lows- at the same time that Oil dropped 20-30 a barrel. so wcp is a nice leveraged play on the nat gas and oil price swings. They made a few acquisitons and grew the revenue ( volume) but the price they got was lower . But they are still pukingn cashflow .

Biker

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