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 > National bank $16.50 BUY!!

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Comment by traderbrion Jun 30, 2023 2:07pm

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Post# 35522685

RE:RE:National bank $16.50 BUY!!

What do exactly mean WCP is in a nosedive?
The whole oil and gas sector is just reacting to the uncertanity of interest rates, crude demand and other assorted news items.
If you want a stock bounce, go buy a bunch of penny mining stocks on the VSE, maybe you could get lucky and get the thrill your looking for.
The bounce you're looking for ain't going to happen with WCP or dividend paying oil stocks, for now it's just slow and steady.
Cheers.

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