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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 TradeToFreedomon Dec 19, 2019 6:53pm
141 Views
Post# 30474714

everybody still long and strong on the SCR

everybody still long and strong on the SCRbeen awhile but man does this thing look good or what going into the new year ! daily and weekly charts are both bullish and SP crossed .74 resistance line and at the high of the day with both DEMA 11/22 converged at .72 and A/D Staying above its 11 EMA, large increase in vol and with revenue coming out at end of next month man this thing looks beautiful, l likely it will attack that .80 resistance level and after financials we may be looking at getting back into the low .90's if they come in within what I expect them to be with the newly added Gambling Revenue, 2020 is looking awesome for SCR
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