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.

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Whitecap Resources Inc > Nuttall on BNN

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Post by loonietuneson May 23, 2024 9:02pm

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Post# 36055075

Nuttall on BNN

(A Top Pick May 31/23, Up 19%)

Underperformed the index. Sold it from his main fund. Kept it in his income fund, as dividend is very dependable. Perception of relentless M&A, investors are tired of this, creates overhang. A $15 price is reasonable. Yield is 7%.

Better opportunities elsewhere for capital appreciation.