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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 Nov 01, 2024 10:05am
168 Views
Post# 36292143

RE:Don't get it

RE:Don't get it Oil and gas are not only a stock they are tightly associated with the commodity price . So , down oil days , down WCP . Up oil days and TSX takes a dump, down WCP .  Down oil and down TSX, usually very bad day for WCP  . These are the trends that usually happen but not always . Too many landmines for me, I'm going to trade it like all the big funds do.  They used this stock and others as an absolute beatch from Deliverance during the low oil price days . Set major shorts , short cover. Rinse and repeat.  For years and years . Nobody was willing to defend the stocks so it was shooting fish in a barrel. 
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