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Strathcona Resources Ltd V.SCR


Primary Symbol: 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

Bullboard Posts
Post by 93Darkhorse93on May 03, 2016 10:23pm
241 Views
Post# 24839062

Perspective is Key...

Perspective is Key...Going back on the chart beyond the small cap disaster of last summer and the debacle that was DraftKings and FanDuel can give you a little perspective of where this stock comes from.

On January 2014 the stock was trading at 0.17.  Given all the movement in the last 2.5 years the stock is still up 65% given todays close.  Cleary many people have a cost base above todays close but the market doesn’t care what you paid for a stock.

I believe John Levy is one of the great businessman in Canada, the thing the gives me confidence is that he puts he money where his mouth is and he has been buying all the way down in the share price.

The fundamentals continue to improve with every quarter and the underlying value continues to grow, all this stock needs is a catalyst to shoot higher. I don’t see this company being a public company in a couple years, the underlying assets are too valuable.  ESPN’s launch of their Esports division validates theScores strategic plan to go into the Eports world.
 
Looking for a Reason to get Longer.
Bullboard Posts