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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, including Lloydminster Heavy Oil, Cold Lake Thermal Oil and Montney. The Lloydminster Heavy Oil segment 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. It 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 SAGD oil assets. Its Montney development is positioned in some of the active regions 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 Oct 24, 2019 10:06am
83 Views
Post# 30263820

RE:RE:RE:Possible betting numbers??

RE:RE:RE:Possible betting numbers??I reflected on the restricted cash, and I don't think customers can remove bets once they're placed. The other reason it's probably in restricted cash is because theScore can't use cash they received from a bet because they need to keep it on hand in case they need to pay out the winner.

Let's do an example;
Let's say I placed $100 bet on a game to win $300

Record the bet with the possiblity of paying out $300
Restricted cash           $100
     Customer deposit            $100
Expense                      $300
      Liability                            $300

If the bet loses, record revenue and reverse the liability
Customer deposit       $100
     Revenue                           $100
Liability                        $300
      Expense                           $300

If the bet wins, pay out your liability
Customer deposit        $100
      Restricted cash                $100
Liability                        $300
       Cash                                $300

Something along those lines!
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