Bullboard - Stock Discussion Forum 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... see more

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Whitecap Resources Inc > Pioneer is bullish along with you

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Post by barneyj44 on Jan 05, 2022 7:16pm

Pioneer is bullish along with you

1970Craig Bloomberg) -- Pioneer Natural Resources Co., the biggest oil producer in the Permian Basin, closed out almost all its hedges for this year, indicating a bullish outlook for crude prices. The move will cost $328 million spread over the course of 2022, Pioneer said in a filing Wednesday, but leaves the company well positioned to bank any uplift in oil prices. The company also said it bought back $250 million of its own shares during the fourth quarter.

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Comment by 1970Craig on Jan 06, 2022 12:11am

Cool post ..... that is a put your money where your mouth is move. !! Paying over 300 million to get out of a deal to hedge. That is bullish and there huge ! I appreciate the message. Congrats on your CPG shares. I didn't pull the trigger there but something tells me this stock is going much higher yet. ...more

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