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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

Post by Nextlegupon Oct 25, 2023 10:52pm
345 Views
Post# 35701417

All in all ..good news!

All in all ..good news!

I've heard a few complaints that the growth has been primarily gas, yet investors continue to rave about Tourmaline. It's good to have some diversification with O&G, particularily with LNG becoming more prevalent.

There have been suggestions that El Nio could be stronger this year...well ..we'll see it when we see it. Living here in Alberta I've learned..the weather is often unpredictable.

Whitecap has positioned itself well. it's paying down debt, ramping up divy's and has modeled revenues down to $50 WTI that will ensure dividend payments are covered.

They are optimistic and ramping up aggressively for 2024. 

They've proven themselves in the past with their decisions..I'm pumped to see how Q4 looks.

GLTA
 

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