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Whitecap Resources Inc T.WCP

Alternate Symbol(s):  SPGYF

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

Comment by tollycrafton Oct 03, 2023 9:38am
188 Views
Post# 35666531

RE:RE:RE:What is going on today?

RE:RE:RE:What is going on today?Agreed barneyj44.  I did go into CPG but came back, personal choice only, their both great companies but at the end of the day the dividend increase did lure me back. I checked the WCP website and I didnt see when quarter 3 realease would be but as it stands now with the oil price today at $89.00 I cant help but feel they will be presenting a very profitable 3rd quarter.  I try to keep things simple in my life and subsequently make my decisions based on the basics I believe.  Oil companies will be releasing their 3rd quarter results soon and I believe most will show (WCP and CPG included) excellant cash flow.  As our dividend is good (unless oil hits $50.00 a barrel) I feel comfortable with the dividend and that WCP will show better cash flow than ever.  The other bottom line is, OPEC is not going to let the price fall much lower than it is right now.  My conclusion, we will still see some up and downs in the share price over the next couple of weeks but all will settle in a week  after financials are released. Good luck barneyj.

GLTA!!
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