Calgary-based Whitecap Resources posts $2.1 billion loss on oil price related asset writedown
![Calgary-based Whitecap Resources posts $2.1 billion loss on oil price related asset writedown](https://shawglobalnews.files.wordpress.com/2020/04/cpt50456635.jpg?quality=70&strip=all&w=720&h=480&crop=1)
Oil producer Whitecap Resources is reporting a $2.1-billion net loss for the quarter ended March 31 thanks mainly to a $2.9-billion non-cash writedown in the value of its assets due to low oil prices.