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Strathcona Resources Ltd T.SCR

Alternate Symbol(s):  STHRF

Energy Oil & Gas E&P
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, including Lloydminster Heavy Oil, Cold Lake Thermal Oil and Montney. The Lloydminster Heavy Oil segment 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. It 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 SAGD oil assets. Its Montney development is positioned in some of the active regions in the Montney basin, the condensate-rich Kakwa, Grande Prairie, and Groundbirch regions, and produces liquids-rich gas.


TSX:SCR - Post by User

Strathcona Resources Ltd > Share price
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Comment by filefishon Nov 11, 2023 5:20pm
147 Views
Post# 35730438

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Share price

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Share priceTo further clarify - from what I see on SEDI, the tollowing sales were filed the day(s) before and after the announcement and just prior to new trading on SCR:
GMT Capital, on behalf of partners    1,002,000
PIPE Directors + officers                    4,400,000
So thats 5.4 million PIPE shares unloaded in a couple of days . Its no wonder the SCR  opening price dropped dramatically from the original implied value.   
It seems that there are no reports on SEDI of any SCR  insider transactions since they became "public". Why , I am not sure.
Since trading started 6 weeks ago, the SCR price has dropped from about 30 to 23 on volume of around 1.2 mill shares, almost all of which are small lot transactions except on 10/10 which had a volume of 200m . 
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