Strathcona Resources Ltd T.SCR

CC: 'Expect' 3 LARGE PIPE Shareholders To TURN 15M SCR Stock

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- the THREE LARGE Pipestone Energy shareholders own and control about 7% of the SCR shares outstanding {~ 15 million SCR shares}

- they have been LABELED as LIKELY SELLING SHAREHOLDERS in the NEAR FUTURE which will make the SCR stock VOLATILE

- SCR is "ON TRACK" to REPAY the Term Credit Facility by 2/29/2024

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[filefish]

Wouldnt be surprised to see Nuttall on the buy side of the "likely selling shareholders" when the time and price is right. (Think back on the ATH transaction.) Regarding conference call: At least we know SCRs policy goal for shareholder returns. We must be willing to hold on for about 6-9 months to get our dividends.  Will be interesting to see how WEF goes about monitizing some of

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- EN is a NO GO at SCR * NO LIQUIDITY to MOVE OUT BUT VERT EASY to MOVE IN (deal BLOCKS with the 3 LARGE PIPE shareholders) - DON'T 'SEE' him as the TYPE to HOLD ON for GREATER than 24 months {MINIMUM TIME REQUIRED TO CAPTURE VALUE assuming GOOD WTI, WCS and NG prices and SUBSTANTIAL PAYDOWN of DEBT} z173  

[askQuestions1]

More then 50% of the Pipestone shareholders voted for the merger.  Those people probably are longer term holders.   The 50% who voted against the merger are probably the ones that feel betrayed and want to move on to another Natural Gas stock.  So i would put that 15 million at closer to 5 to 7 million

[filefish]

(Ref Nuttall) DON'T 'SEE' him as the TYPE to HOLD ON for GREATER than 24 months . Well, he has held on to ATH for more than 24 months ! 

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Comment by filefishon Nov 14, 2023 4:11pm 6 Views  Post# 35735339 RE:RE:RE:CC: 'Expect' 3 LARGE PIPE Shareholders To TURN 15M SCR Stock (Ref Nuttall) DON'T 'SEE' him as the TYPE to HOLD ON for GREATER than 24 months . Well, he has held on to ATH for more than 24 months !  *** - ATH has MASSIVE

[filefish]

Riverstone alone has about 8 mil post PIPE (SCR) shares. Thats enough for EN to start a position. Per latest stockhouse "insiders" chart Top Investors   Name      % Held      Held   

[cmsmelbch]

Even more concerning, the answer to a question about the float whereby he expects the Pipestone shareholders to rotate out and the new investors rotate in. Wow. So much for the BS about this being a value proposition for pipe holders.