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Whitecap Resources Inc T.WCP

Alternate Symbol(s):  SPGYF

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

Comment by BigJakeon Feb 29, 2024 11:50am
229 Views
Post# 35906691

RE:wcp just too many shares for me

RE:wcp just too many shares for me
buylow wrote: Looked at this one years back.  It was a darling then the crooked crew went on a spending spree, diluted the stock, shafted the shareholders, cut the divi due to poor management and basically treated the shareholders like dirt.  Going nowhere fast at this rate, dead money.  If you own it leave and put it into something more worthwhile.  Terrible amount of shares and until they reduce them significantly, I would stay away.  Better to be in hwx if you like oils or better yet ENB or banks.

You are certainly entitled to your opinion, but there is one fact your leaving out. In the last three years they have nearly tripled their production, this can't be done for free.
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