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 > Ink Research

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Post by retiredcfon Sep 30, 2024 9:02am

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Post# 36246590

Ink Research

At the sector level, Energy insiders are sending a strong signal that the group is undervalued. The INK Energy Indicator ended Friday a touch over 350%. Earlier this month, the indicator hit 433%, a level not seen since the gloomy spring of 2020. While we understand some economists are concerned about the health of the global economy, insiders are behaving in a manner that is consistent with the view that investors have become too pessimistic on their outlook for oil & gas stocks. Moreover, we expect there is case to be made for the oil group to serve as a hedge to geopolitical risks which seem to be elevated as we start the week.

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The deep connection between mining and First Nations in Canada