Whitecap Resources Inc T.WCP

CO2 Sequestration, Federal Govt Carbon Cash, and Whitecap

[MigraineCall]

I know Whitecap is presently injecting CO2 for enhanced reservoir recovery in places.

With Trudope's grandstand announcement at COP25 to cap oil and gas emissions, it comes with an imminent choice:

1) burden us with legislation that kills off our energy industry operating in an area with the third largest reserves in the world so we can buy our oil from other countries elsewhere that don't care, or

2) make federal funds available as part of a tax credit to the oilpatch companies that sequester CO2, along with measured and reported performance and corresponding legislation.

Option 2) seems like the clear choice for an energy superpower living in a Northern climate.

As such, the Federal government may soon announce a Carbon Capture Credit for energy companies soon, perhaps within the next weeks.

Is Whitecap already a net negative emitter? 

How will millions of new gov't dollars given for what they already do, and all the new attention as a shining CO2 munching star affect the future earning potential and SP of Whitecap?

Thoughts please...

[fogduckker]

Migrain I LOVE how you are thinking. Hopefully it is a Wayne Gretsky thing - anticipating where the puck (share price ) is going and not because it is an echo chamber thing. I live in Regina and so hear lots of chatter in the local media about the CO2 sequestor thing. Yes at the moment WCP is CO2 negative. If not the most carbon friendly oil co in the world it is certainly very near the top in

[MigraineCall]

Yes, exactly. If I'm reading the rumblings right with CCS, I'm heading where the puck is going.  I quietly tripled my WCP holdings today near the lows with some of the increased margin they keep giving me. Up 2 million overall in the margin accounts since Aug 20, so they seem to keep taunting me to go play another shift on the ice. Gretsky, Kurri, Anderson. What a line!