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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 Jan 02, 2020 7:30pm
89 Views
Post# 30513259

RE:RE:Ceiling for buying?

RE:RE:Ceiling for buying?In general, averaging up is a good thing. Rookies usually dont do this, because they are inexperienced and want to bank their profit and average down on their losers. Their usually losers for good reason. Most of the greats are much more comfortable averaging up then averaging down. I never bought more CSU.TO because I was always up so much on it, in hindsight this was a huge mistake as I have held for 5+ years. My entire TFSA contribution and some of my RRSP contribution, I max both every year, are going into SCR.  
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