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 > What happened?

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Comment by Citizen13on Dec 05, 2023 10:23am

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Post# 35768889

RE:RE:RE:RE:What happened?

At least a year ago I heard whisperings of the private shale companies not giving a bleep about production excesses . I thought hmmm, that could be a problem. Didnt hear this variable from any of the big oil analysts though . Fast forward to today and they are causing another PITA for OPEC . There are claims this is only a 2023 thing due to a massive backlog of DUC's and private guys wanting to boost their appearance to be bought out . I trust this information as much as I trust Putin or Hamas.

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