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.

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Whitecap Resources Inc

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Post by retiredcfon Nov 27, 2023 12:39pm

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Post# 35754616

Oversold

The S&P/TSX Composite fell 0.3 per cent for the trading week ending with Friday’s close and now stands 6.8 per cent higher for 2024. The benchmark’s Relative Strength Index(RSI) of 63 leaves it in technically neutral territory although a lot closer to the overbought sell signal of 70 than the oversold technically attractive RSI buy signal at 30.

There are two oversold stocks trading below the sell signal this week – First Quantum Minerals Ltd. (down 13 per cent for the week), and Paramount Resources Ltd.. Whitecap Resources Inc. is right at the 30 mark.

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