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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 Ocalamanon Sep 27, 2024 9:04am
188 Views
Post# 36243781

RE:National Bank

RE:National BankStill healthy numbers and the small reductions in no way reflect the actual stock price reductions we have seen lately.  Case in point CNQ, target reduced from 58 to 52 , crude assumption for 2025 still $75.00 at that level the amount fo free cash flow generated at the reduced debt levels is staggering. Even is you spitball a 10% reduction in target price of 52 you are at 47 realistic prices consdiering all the doom and gloom , closing price yesterday 44 thats still a gain of close to 10% . Worst case scenario they slow down buying on the buybacks for cancellation for a while. still a pretty good return for the largest and best run oilco in North America. Now factor in China stabilizing, OPEC reducing and a soft landing in Noth America the price goes up from here. Add to that a Middle east outbreak to all out war, Russia gets tired of being beat up by Ukraine and escalates and so on and so on.
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