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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 Anschutzon Aug 30, 2024 12:04pm
243 Views
Post# 36202942

RE:RE:RE:RE:Oil Price

RE:RE:RE:RE:Oil PriceThat may be some of it... however the speculation about Opec increases was being talked about in the media almost a week ago.  Perhaps a factor, however not the sole reason.  Still looks to me that the powers that be want oil lower to help the democrats win. 

Starting next week we will see more traders, analysts and algorithm programmers back at work from summer break.  Lots of anxiety building in the media about the economy, not to mention truth bombs being dropped daily on social media about more and more government/corporate corruption. I don't think we've yet seen the reprecussions of the Zuckerberg confession. Media is doing what they can to downplay and obfuscate, however even normies are starting to talk about it.

I think we're on the cusp of a major 2009 like correction. Not sure though if it happens before or after the November election.  I'm sitting on the sidelines with majority in cash as my risk indicators are off the charts right now..


jleer42 wrote:

It's because there has been some confirmation OPEC+ is still bringing back barrels to the market in Oct.

 

https://www.reuters.com/business/energy/opec-likely-proceed-with-planned-output-hike-october-sources-say-2024-08-30/




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