TD Action Note - Strathcona Resourceshttps://twitter.com/emmpeethree/status/1773169548117659706 SCR could hit their debt target in Q2 and start paying a significant dividend by Q3. With so few shares outstanding, share buybacks do not make sense. When investors see the long term reserves and the ability to pay a big dividend for years to come, that should increase the share price.
That is the ultimate long term goal. SCR needs a higher share price so they can use their shares to continue buying more stuff.
Some think PIPE shareholders were robbed but the reality is that with AECO nat gas at $1.60, PIPE operating as a stand alone company would not have done any better. SCR management are probably thinking that they paid too much.
Few people realize that SCR has outperformed ATH and MEG so far this year. The lack of shares outstanding means SCR does not get the promotion from analysts that other similar companies get. I think long term that SCR's growth and dividends will get investor's attention. The $29.00 TD target price is definitely on the conservative side.
ATH +25.4%
$4.17 $5.23
MEG +31.4%
$23.67 $31.10
SCR +32.6%
$21.43 $28.42