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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 Citizen13on Sep 26, 2024 3:13pm
185 Views
Post# 36242822

RE:RE:RE:A nice mention by Scotia

RE:RE:RE:A nice mention by ScotiaNot everyone is in it for the dividend .  There are other much more stable companies with a dividend close to WCP's . The oil market is looking very gloomy unfortunately . The perfect storm is happening...again . They just never learn.  It's not even close to be oversupplied but just the knowledge that capacity is available makes traders short the market . Look at today , did you see Saudi actually make a statement they will flood the market in December ?   Just a rumour tanks the price . Anythings possible but IMO OPEC countries cannot afford to survive with low prices . Russia will 100% collapse within a year of low prices .  I'm thinking the Saudi's want to scare their OPEC members into submission.  There's always a few dumb greedy players who wreck it for everyone. 
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