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 > Reasoned Response

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Post by retiredcfon Nov 20, 2023 8:24am

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Post# 35743915

Reasoned Response

And speaking of Nuttall, he's back on Market Call this Friday. GLTA

My holding in WCP is down 12%. is it time to panic or worth keeping for a comeback with a decent dividend? Your view on oil now?

Oil is weak on a US inventory build and concern on China's economy. But it has always been cyclical. The key now is that the energy sector is in significantly better financial shape than in prior cycles. It can withstand a downturn quite easily (on average). With lower rates ahead in 2024, we would not have a lot of concerns on the sector, considering balance sheets and low valuations. We would be comfortable with WCP, collecting a nice dividend while awaiting a better sector sentiment. (5iResearch)

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