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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 45Freedomon Sep 03, 2019 2:40pm
33 Views
Post# 30091324

RE:RE:RE:Gap filled!

RE:RE:RE:Gap filled!


2 Bucks implies a 1/2 Billion mkt cap........... nah brah!!  no way jose

I'll leave it there



MichaelRyan2 wrote: $0.92 isn’t “now” resistance- it has always been the resistance 


majority of the longs, me included maybe got a little too excited 
This morning and thought it could break that resistance on a first attempt -
the probabilities were very low but the risk to reward of selling at $0.90
when I bought in at $0.58 didn’t warrant such a move in the moment.

I still have yet to even hear your position or if you even have one?

i hear you on your dilution concerns and fact you believed we were overbought - I feel the same way about 90% of the companies trading these days so I expect Score media to overshoot their real valuation and trade more 
on their future potential very soon.  No doubt this app and positioning
will allow them to dwarf revenues warranting a much higher stock valuation 

I see that value given the move made today to be minimum $1 and 
If shorts panic I would be so ballsy to say we could spike to $1.50-$2.00
on a more material change PR or update on success of our new sports betting app

In my humble opinion $0.75-$0.80 is “fair market price” for everything 
We currently know this moment so this mornings spike was an overshoot- there will be plenty of them in next weeks and months!

As per my previous messages I was confident we could and would hit $0.92
but I also stated I expected us to come back and settle around $0.75

Both predictions materialized and I stick by that statement until we see the real PR longs been anxiously awaiting to read and hear we will probably remain in a sideways channel of $0.72 - $0.78




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