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Strathcona Resources Ltd T.SCR

Alternate Symbol(s):  STHRF

Strathcona Resources Ltd. is a Canada-based oil and gas producers with operations focused on thermal oil, enhanced oil recovery and liquids-rich natural gas. The Company has three operations: Lloydminster Heavy Oil, Cold Lake Thermal and Montney Gas. The Lloydminster Heavy Oil has multiple large oil-in-place reservoirs with existing and expanding enhanced oil recovery (EOR) opportunities primarily located in southwest Saskatchewan. Its Saskatchewan thermal properties rely on the same steam-assisted gravity drainage (SAGD) processes as its Cold Lake Thermal properties. The Company is a producer in the Cold Lake region of Alberta. Its operations include thermal oil producing assets at Lindbergh, Orion and Tucker, with production from steam-assisted gravity drainage (SAGD) oil assets. Its Montney development is an active region in the Montney basin, the condensate-rich Kakwa, Grande Prairie, and Groundbirch regions, and produces liquids-rich gas.


TSX:SCR - Post by User

Post by Petieboyon Jul 09, 2021 2:13pm
273 Views
Post# 33522029

Score increase in price

Score increase in priceThere's a lot of speculation around their earnings and their guidance. I believe Levy is going to give guidance that his servers will be in Ontario and he has a large presence in Ontario because he has a lot of employees here. There will be more incentives for the Score because they have an Ontario presence. The regulators will like the fact that they can be regulated easier. Other companies may not want their servers in Ontario and they can't be regulated as easy. Score should be given tax credits and tax breaks accordingly. That's why I think they will have a larger percentage of the market in Ontario. 
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