Whitecap Resources Inc. (TSX:WCP) Down -1.93%

Whitecap Resources Inc. (TSX:WCP) Down -1.93%

At close of market on Wednesday, Whitecap Resources Inc. (TSX:WCP) stock finished trading at -1.93%, bringing the stock price to $5.59 on the Toronto Stock Exchange. The stock price saw a low of $5.48 and a high of $5.67.

The company’s stock was traded 4,266 times with a total of 2,409,586 shares traded.

Whitecap Resources Inc. has a market cap of $2.31 billion, with 413.16 million shares in issue.

Whitecap Resources Inc focuses on the acquisition, development, optimization, and production of crude oil and natural gas in western Canada. The company acquires assets with discovered petroleum initially in place and low current recovery factors. Light oil is the primary byproduct of Whitecap’s Canadian assets. To extract petroleum products from its resources, the company uses horizontal drilling, in addition to multistage fracturing technology. Crude oil is the leading revenue generator out of the basket of energy products sold by Whitecap.

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