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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

Post by MichaelRyan2on Sep 20, 2019 12:49pm
238 Views
Post# 30148556

Calling it a day... Making it an Early weekend for me boys!

Calling it a day... Making it an Early weekend for me boys! Stock price continues to trade in this very tight sideways trading range of $0.68 to $0.72 for 5 days now as volume continues to dribble down from the once 500K+ we were witnessing a few weeks back to us trading average of 130K this week which is a drastic approx 75% drop in volume this week which means only one thing:
 
- sellers have mostly evaporated

- not enough volatility or liquidity to interest the penny flippers

- no news to warrant or attract new buyers


So we most probably just continue to drift and sway towards what will become a "fair current market price" before the next break out (which I hope I am wrong but) dont see coming for another 2-3 weeks.

With only 14 trades and 42K shares trading first half of the day....  I'm going to call it a day and start to enjoy my weekend early.

It's Quadruple witching Friday, so who the hell knows what will transpire in the last power hour of the quarter, and I dont want to get whip sawed making any stupid dumb trades so Im getting the heck off the laptop and away from my monitors! Taking my beautiful lady out to Niagara Falls this evening, All You Can Eat Brazilian Steakhouse Dinner , huge Wedding tomorrow, so Sunday will be recovery from what will be first hangover in a long time lol 

Wishing you all a great weekend...  

To anyone who sticks around to watching the end of day trading, God bless you lol on behalf of corvette and me ;)  

I end this with a little hashtag: #FYPF

 (Fak Y'all Penny Flippers lmao)
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