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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

Comment by tylerreddickon Oct 12, 2023 3:05pm
137 Views
Post# 35681082

RE:RE:Finally a reply from Strathcona

RE:RE:Finally a reply from StrathconaTalked to broker at length. It seems the wording in the Strathcona filing is vague, at best.

Broker said that the half-share thing wasn't for individual shareholders, but the total number of shares they were given to divide among their clients. I guess the broker figures it is easier to pay our the cash for any partial share, rather than do it the way the filing said.

I suppose that makes sense, although Strathcona should have been more clear, not that they give a rat's behind about PIPE shareholders.

What the broker couldn't do is explain how they calculate the amount of money to be paid out. It should be based on the $2.72 value of PIPE in the "deal", but we all know that ain't gonna happen.


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