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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 ShockandAwwwon Oct 24, 2019 12:15pm
123 Views
Post# 30264871

RE:wonder

RE:wonder Pappa, so far this day is more about who isnt buying as opposed to who is selling. The stock sold to this point in the day has a value of about 50 grand. That is nothing. So there is no real rush to the exits. It simply isnt going up because it seems the majority has decided it was a wait and see report.  The numbers were fine and represented a stable underlying business but people want specifics on expansion and betting.  

The general lack of interest in selling that is evident is pretty decent news, on the whole. 
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