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 > Opec makes surprise oil cut

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Post by barneyj44 on Apr 02, 2023 1:31pm

Opec makes surprise oil cut

Saudi Arabia and other Opec+ members have announced voluntary cuts to their oil production of about 1.15m barrels a day in a surprise move they said was aimed at supporting market stability.

The group of oil-producing nations had been largely expected to stick to its already agreed 2m bpd cuts when its ministerial panel, which includes Saudi Arabia and Russia, meets virtually on Monday.

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Comment by Citizen13 on Apr 02, 2023 2:37pm

Oil market stability. LOL. Thats just not a thing . Never was , never will be. What they should say is that it's for their populatoion stability. Every household needs a pet cheetah to accompany them in their Range Rovers , and of course 24 K gold toilets. And I tell everyone that if you think they are greedy, buy some oil stocks. It will hedge your gasoline costs big ...more

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Comment by MrDales62 on Apr 02, 2023 6:32pm

Should be lots of free cash flow for dividends. GLTA

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Comment by fishcarrier on Apr 02, 2023 6:58pm

So, oil is up over $81 at this moment, up over 7%. We'll see how much of this holds by the time markets open on Monday. For once I am happy all my stock is in OIL!

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Whitecap Resources Inc