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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

Comment by NoGambleNoFuturon Jul 25, 2019 2:47pm
55 Views
Post# 29960592

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Pump and dump

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Pump and dumpI partly agree with you. This stock is still speculation, but they’re on track to exponential growth. Without sports betting, there is really no point investing since their revenues are limited. At this point in time, Q3 showed positive records, their liquidity is in a decent position with minimal debt, and they doubled their capex. They’re obviously putting effort into rolling out a good platform. None of this actually matters until the launch, how much market share they can acquire, and finally turning a positive bottom line. They still have a lot to prove which will take at least a year. Who ever said this a pump and dump is clearly burnt.
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