(Editor's Note: Investors should be mindful of the risks of transacting in illiquid securities such as SPGYF. Whitecap Resources' listing in Toronto, WCP.TO, offers stronger liquidity.)
Whitecap Resources (OTC:SPGYF), a company engaged in exploration and production of oil & gas in Western Canada, surged by 8.8% on August 21, 2014. This was following the announcement of acquisition of yet another controlling interest in a premier sweet oil pool. Whitecap Resources has also surged by 40.5% in 2014, primarily as a result of acquisition-driven growth.
This initiating coverage discusses the recent acquisition and its impact on growth. The coverage will also discuss why Whitecap Resources still has more upside in 2014 and 2015 based on production growth...
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