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Bullboard - Stock Discussion Forum 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... see more

TSX:SCR - Post Discussion

Strathcona Resources Ltd > SCR up over 48% in the past 3 months...WOW!
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Post by montrus on Apr 06, 2024 9:01am

SCR up over 48% in the past 3 months...WOW!

Never saw this coming...at least not to this extent, plus insider buying, as a bonus.  It's outperformed most stocks in the sector.  Aside from the oil price, wondering how much more upside the longs can look forward to.  GLTA
Comment by Huntamun1234 on Apr 06, 2024 10:31am
 Montrus,  Very much elated in the most recent movement in the stock ! Trying to decipher if SCR was oversold to begin with, and its just catching up to where it should have been priced all along. That said, WTI has appreciated quite abit in the last few weeks. Wondering where Riverstone and GMT stand regarding their positions ? Obviously, if they're still long, it would be a very ...more  
Comment by Seppelt on Apr 06, 2024 1:06pm
Persistence is paying off. Inherited from Pipe at about $39, kept buying lowering my average to about $27+. Newly listed companies are often to a slow start but the main reason for buying was the decision to transition to heavy oil producers. All negative effects on WCS wide price discounts, like seasonal low refinery utilization, BP Whiting shut down for almost a month in February and endless ...more  
Comment by uwebb429 on Apr 07, 2024 1:27pm
SCR was up +16.2% last week.  https://boereport.com/2024/04/05/week-in-review-stock-gainers-fallers-and-most-read-articles-53/ SCR has not outperformed "most stocks" in the sector this year. SCR has outperformed ALL major companies that are in the TSX Energy Capped Index.  https://www.theglobeandmail.com/investing/markets/indices/TTEN/components/ SCR is still getting ...more