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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 Citizen13on Apr 17, 2024 10:26am
135 Views
Post# 35993627

RE:More Canaccord

RE:More CanaccordRight now the big buyers have algo's running at buy in the $8's and sell in the $ 11' s . Not sure how Canaccord thinks we are getting to $ 14 .  Us peons are certainly not getting it there .  Don't get me wrong , I would be running down my street naked at $ 14 . Just dont see it for a very long time.  Maybe 5 years IF the commodity price doesnt crash again during that time frame. That's wishful thinking especially if the frackers keep filling in the void OPEC has been leaving.  I think theyre hoping the basin will burn itself out eventually or like now have limited egress of it's product as a bottleneck. 
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