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 > Analyst Comment

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Post by retiredcf on Oct 07, 2023 6:35am

Analyst Comment

He's turned cautious on the energy sector aside from a few exceptions (CNQ, FRU, ARX and pipelines). GLTA

HOLD

Whitecap Resources(WCP-T)

06/10/2023

Population growth Canada does affect energy stocks too much. Global demand more important for energy prices. China weakness in real estate a concern. Potential for recession also a concern. Expecting $70-$90 price going forward. Does not own shares in company. Hard to predict future of company.

Oil And Gas (Integrated Oils)

Ryan Bushell

$10.830

324

Comment

Comment by Citizen13 on Oct 07, 2023 10:06am

China is a confounding factor for sure . But others will fill in the vacuum of demand. Global production has to go somewhere . What bugs me is the " analysts" dont seem to understand that China buys hand over fist when the price is lower and very little when it's elevated . The headlines are " global demand throught the roof" , then " China slow down in oil ...more

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Whitecap Resources Inc