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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 Mr.Monopolyon Sep 28, 2019 12:41pm
139 Views
Post# 30173729

RE:WHERE DO WE GO FROM HERE?!?!?!

RE:WHERE DO WE GO FROM HERE?!?!?!Thanks for the thoughtful post MR2. Taking a step back, it has been a great year for thescore in every way including stock price. Im not a big believer in technical analysis. All seems like imaginary patterns to me that make sense until they dont which is all the time. Also, support and resistance also seems to be 10 cents lower or higher then current stock price. 80 then 70 then 60 or 70 then 80 the 90. In my opinion TA is very dangerous for this reason because it distracts from the long term vision to ease short term emotion. Even if I sold at .90 a couple years later it could be $5 and I missed out on some insane compounding.
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