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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 Bosoxpjon Mar 27, 2024 7:50pm
76 Views
Post# 35956875

RE:RE:Conference Call

RE:RE:Conference Call

Nothing surprising,  holding off tying in 3 wells due to  weak gas prices.


Questions regarding RoC - sidestepped the question of when and exactly how.   Stated small divi with specials.  Didn't answer question on buy backs.  stated they were very comfortable with and will be staying firm with 2.5B debt.  Committed to majority of cashflow back to shareholders.   Added some debt this quarter that is why they are around 2.7b debt. Expect to reach debt leeceln q2 or q3.


Question regarding aquisition future :   They want to, but not worth pursuing at the current share prices. If they do an aquisition plan to use stock. That is why they decided to go public. Quite without adding debt.  Nothing new..

 


 

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