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.

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Whitecap Resources Inc > A e r ..laying charges

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Comment by pierrelebelon Jun 20, 2023 10:10am

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Post# 35505028

RE:A e r ..laying charges

That is only one small factor.

The recent tax assesment is another

ALL Canadian oil producers are down and kept down by:
- lower WTI prices
- higher Canadian dollar (resulting in lower receipts from US$ sales)

Looking ahead, I still expect to see higher WTI prices later this year, resulting in higher free cash flow leading to share buybacks and dividend increase.

My target remains unchanged at $15.00 (although it may take a few more months to get there)

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