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 > Top Pick on BNN Morning Markets

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Post by jleer42on Sep 05, 2023 7:06pm

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Post# 35620889

Top Pick on BNN Morning Markets

Nice to see WCP coming up with generalist investors, Mike Vinokur in this case. He spoke about how the dividend is safe down to $50 and its recent increase as promised, the huge FCF at these levels, and the XTO aquisition. He likes the XTO aquisition and how WCP stuck to lowering the debt associated with the aquisition. I haven't heard of him before, but the WCP shoutout is nice. Next up tomorrows API report.

https://www.bnnbloomberg.ca/video/why-one-portfolio-manager-is-a-big-fan-of-whitecap-resources~2760731

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