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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 > Opec Oil alliance OPEC+ extends collective crude production
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Comment by meritmaton Jun 03, 2024 8:04pm
123 Views
Post# 36070272

RE:RE:RE:RE:Opec Oil alliance OPEC+ extends collective crude production

RE:RE:RE:RE:Opec Oil alliance OPEC+ extends collective crude production
Anschutz wrote:

It's manipulation plain and simple. OPEC is walking a tight rope. They are trying to appease both sides of the US government. Holding steady with rhetoric of an increase is a concession to both parties.  I expect oil will slide lower as market narrative is set to worrying about future production coming online and lowering the price.  Meanwhile production levels will remain the same. OPEC will delay any significant and meaningful decision/announcement until after the US federal election.  It's in their interest to remain onside of the US government regardless who sits in the oval office.

This really is shaping up to be a year to sell in May and go away.

Citizen13 wrote: Not so excellent news, returning barrels to the market is bad news even with a 4 month warning . LOL.  Not sure how they thought that was going to be well received.  Oil down 3 bucks so far. 


 


Also the shale boys are losing there shirts at this price 
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