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 > Buy When Others are Afraid.

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Comment by baranjaon May 02, 2024 12:01pm

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Post# 36019698

RE:RE:RE:RE:RE:Buy When Others are Afraid.

DivChase wrote: I believe that was solely due to a useless purchase they made of $150 million. Dividend appears safe

Possible,.. I think that 150 million purchase was what market didn't like,.. me neather. I don't know why did they do that.
I also think they are slugish because of Nat Gas prices, but over all they are solid.

I think WCP is just giving opportunity to new people to get into OandG sector.

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