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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 Seppelton Nov 08, 2023 7:01pm
216 Views
Post# 35724902

RE:From an article about the recent weakness in oil prices

RE:From an article about the recent weakness in oil prices

It didn't post the link. Basically it is saying that the promised cut by Opec+ did not materialise in September and October. While the Saudis reduced its exports as promised, Russia has not. Also, the U.S. administration has turned a blind eye on sanctions against Iran.

Is there a chance for a price war seen in the spring of 2020? Unlikely, according to the author, because Russia cannot afford it this time and will begin cutting as promised under pressure from the Saudis.

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