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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 MyHoneyPoton Apr 30, 2024 7:59pm
159 Views
Post# 36016222

RE:No CPG comparisons?

RE:No CPG comparisons?
CPG has almost 4 billion in debt, and owning the CPG stock is like buying a $10 dollar stock and carrying 40% of the value on Margin. 

In my Opinion CPG is already highly leveraged, so if you margin a stock that has margined itself you get extreme volatility. 

By the time CPG gets their debt down to a reasonable level, i expect that WCP will be producing more that CPG because they are balance sheet constrained. 

CPG added truth to their name, so they should tell the market the truth they simply have to much debt on the balance sheet, and don't want to do another share issue and mess it up like they did the last one. 

IMHO


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