Strathcona Resources Ltd T.SCR

TD Action Note - Strathcona Resources

[uwebb429]

https://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

[caretired1]

There are no shares to trade - the Pipe folks were art $35-37 I recall so none of them would be selling I expect  - long way back to a decent number so plenty who held have to wait before they sell

[tylerreddick]

Try a 1-year chart.  ATH and MEG are up 50%, SCR is down 30% So your numbers are meant to deceive.

[Huntamun1234]

Deceive who, Joey ?? Why are you even here ? You said you were doing all of us a favor in December, remember ?                                                                                  

[uwebb429]

No one is trying to deceive anyone. Facts are facts. SCR had a fantastic Q1. They outperformed all 31 members of the TSX Energy Capped Index (TTEN) including MEG. That is impressive for a major Canadian oil and gas company that is not being actively promoted or pumped up by analysts.   Change the Main View tab to Performance to see how their competion did last quarter.  https

[tylerreddick]

Figures never lie, but liars always figure. Picking the starting point where SCR's share price was totally decimated is about the most dishonest thing you could have done.

[Huntamun1234]

You learn that jingle on the swingset, Joey ?