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 > Canaccord top pick

<< Previous

Bullboard Posts

Next >>

Post by Westcoastenergyon Apr 16, 2024 11:50am

270 Views

Post# 35991656

Canaccord top pick

Target $14,.00.
Additionally, we also reiterate our two recent top picks (see our April 8, 2024 top picks refresh here) in the energy sector with WCP and TPZ. As we’ve previously highlighted, WCP provides investors with, in our view, a sustainable ~7.0% dividend while growing its production base by ~5% per year (CAGR) through 2028 and has the depth of inventory to facilitate this (~19 years of drilling inventory).

<< Previous

Bullboard Posts

Next >>

Advancing flagship Ishkõday Gold Project in Ontario