Whitecap Resources Inc T.WCP

Alternate Symbol(s): SPGYF

Energy Oil & Gas E&P

Whitecap Resources Inc. is a Canadian clean energy 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 > Beat?

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Comment by MyHoneyPoton Apr 24, 2024 8:10pm

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Post# 36006205

RE:RE:Beat?

They increase yearly productiion that will be an improvement in CF, and they spent a lot less capex than budgeted. They paid their dividend, and pretty well managed a quarter with low gas prices.

89 dollar oil, 34 dollar NGL's, and 2.60 gas. In 2023 gas was almost 1 dollar higher a MCF, oil was almost 3 dollars higher and ngls was almost 13 dollar higher.

Fantastic quarter with increase production forecast for Q2 with a very reasonable debt level. Maybe they should be have almost 4 billion in debt like CPG to make this shareholders happy.

Real solid performance, and next quarter will be better.

IMHO

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