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 > Analyst Comment

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Comment by Citizen13on Oct 07, 2023 10:06am

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Post# 35674475

RE:Analyst Comment

China is a confounding factor for sure . But others will fill in the vacuum of demand. Global production has to go somewhere . What bugs me is the " analysts" dont seem to understand that China buys hand over fist when the price is lower and very little when it's elevated . The headlines are " global demand throught the roof" , then " China slow down in oil demand concerning " LOL. God bless their naive hearts.

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