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

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Post by retiredcfon Jan 21, 2024 1:54pm

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Post# 35838010

Assessment

We think WCP is a decent hold due to its consistent monthly dividends and solid balance sheet. It is also cheap. The company's performance will be tied to energy prices in the short term but when the industry is down, smaller names like WCP tend to struggle more. We are fine keeping WCP for sector exposure, and we do think it is solid mid-cap name and its monthly dividends add some safety to warrant holding. (5iResearch)

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Advancing flagship Ishkõday Gold Project in Ontario