The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Travis Wood - National Bank Financial - Analyst
: Yeah. Good morning, guys. Thanks for the rundown, sounded interesting, and it looks like you've provided a bit more detail both around opportunities
in inventory at Resthaven and Lator. Do you see any development issues as you look to grow that part of the portfolio out, both from an infrastructure
or pipeline or egress issues? Are there any concerns as you map out that five-year growth plan?
Question: Travis Wood - National Bank Financial - Analyst
: And from an environmental side, there's -- are there any issues in terms of permitting and working with stakeholders in the area to get the facilities
up and running as well?
Question: Travis Wood - National Bank Financial - Analyst
: Exactly.
Question: Travis Wood - National Bank Financial - Analyst
: Okay, fantastic, and then just last question, just around funding that growth, funding facility expansions, kind of two parts to this. Are there
opportunities as you look at infrastructure and kind of excess incremental egress facilities that are within the basin that are more modular that you
can rather than build new facilities? Are there any opportunities to leverage off existing facilities that are effectively for sale right now?
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JUNE 11, 2024 / 2:30PM, WCP.TO - Whitecap Resources Inc Investor Day
Question: Travis Wood - National Bank Financial - Analyst
: Okay. That's all for me. Thanks for taking that. I'll turn it back.
Question: Christian Comeau - Peters & Co., Limited - Analyst
: Maybe just I'll follow up quickly on Travis' question. I was just wondering like in terms of that upside growth wedge of 20,000 barrels a day on the
conventional side of the business, what would be kind of the biggest drivers around that? Like is it a type curve specific thing? Do you want to
further prove out the potential productivity there at Lator or is it a commodity price dictated? Just trying to think about, yeah, that potential upside
and whether or not we'll see it translate in the five-year plan?
Question: Christian Comeau - Peters & Co., Limited - Analyst
: For sure. And then, yeah, maybe like a higher-level question as it relates to the inventory in the Montney and Duvernay, roughly 15% as you
identified, is booked here in 2P. So there's certainly a lot of unbooked upside on this asset base. So can you maybe just help us understand what
the potential upside looks here? Like do you see these assets as ultimately supporting a much higher plateau than that 100,000 or 120,000 barrel
a day level by 2029. And what's the longer-term upside?
Question: Christian Comeau - Peters & Co., Limited - Analyst
: And maybe switching gears just to the conventional side of the business, also on the inventory side, could you kind of walk us through the quality
of the remaining inventory that you assign as Tier 3, like you obviously presented what you kind of plan to drill within the Tier 1 and Tier 2 buckets.
But do you see opportunities in certain areas as you increase lateral length on the conventional side of the business? Or you get potential royalty
uplift in Saskatchewan that could really improve the ranking of some of this inventory and it would fall within the five-year plan?
Question: Christian Comeau - Peters & Co., Limited - Analyst
: Great. Well, that's all I had. Thanks again for taking my questions.
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JUNE 11, 2024 / 2:30PM, WCP.TO - Whitecap Resources Inc Investor Day
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