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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 filefishon Oct 25, 2023 5:08pm
126 Views
Post# 35700984

RE:RE:SCR price decline

RE:RE:SCR price declineDisagree that they ( WEF) are not concerned with the stock price. The value of these shares are the  currency they will use to finance new acquisitions. Maximizing the share price is key to continuing to succeed in their strategy. Based on recent trading, the Schacter conference presentation they made  on 10/14 did not convince many new investors to jump on board. If they are planning to do any more acquisitions in the near future, they need to do a better job promoting their business and if the shares are undervalued, they need to initiate an NCIB.  Making deals in the oil patch is management's forte , not running an oil buisiness.
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