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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

Post by Farmer12on Nov 03, 2024 2:42pm
175 Views
Post# 36294375

Oversupply

OversupplyWcp gets about 90% of its revenue from oil and liquids. All of the natural gas is basically being given away at a loss or at best break even price, IMHO. The AECO price is more or less between 20-60 cents, if I remember right. The Coastal Link pipeline will start draining oversupply, possibly by mid 2025. A lot? of companies will slow drilling at current prices, and along with colder weather, the market will correct. Russia, Saudi, and the Gulf States have been more disciplined in recent years and haven't overproduced as they have at various times in the past. I have more Wcp than I maybe should have, but not peeing the bed. 
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