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 > While WCP struggles, a financial journalist wrote yesterday:

<< Previous

Bullboard Posts

Next >>

Comment by Ocalamanon Jan 23, 2024 11:43am

252 Views

Post# 35840963

RE:While WCP struggles, a financial journalist wrote yesterday:

Don't think a stock at a 52 week high ,whose loan portfolio is deteriorating in quality is a good choice now. There small loan portfolio is 265 m$ and stage 2/3 ( non performing loans ) sit at roughly 20 % and has deteriorated dramatically since 2022 . A company at a 52 week high with deteriorating earnings is highly speculative right now with economic prospect dimming for 2024 puts this in a speculative category.

<< Previous

Bullboard Posts

Next >>

BCG-Unresponsive Non-Muscle Invasive Bladder Cancer Carcinoma-In-Situ: A Patient's Guide