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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 MrHamilton1965on Jan 07, 2020 1:45pm
135 Views
Post# 30526830

RE:When to add more

RE:When to add more Hey BOMBER!
It's a fair question to gather speculation from the group.
No one really knows for sure and opinions are like, well, you know...but here is mine.
1. Have you looked at what happens to our SP prior to quarterly reviews?
2. Is there a trend of what happens to the SP after earnings calls?
3. I'm guessing that we added an additional $1.1M in earnings this Q from the sportsbook specifically [That's 20% of the Monmouth total of $5.8M for Sept-Nov]. Will investors and talking heads consider that a successful haul?
4. Will the lack of state integrations and partnerships be viewed negatively or viewed as being germane to the process?
5. Are others as patient in light of all the DK news we're hearing?

Maybe your answers to these questions will help guide you, but IMHO I'm feeling a small and temporary pullback after the call.

Good luck and frankly I think everyone would agree that you're in at a good price right now, if you bought, but I certainly understand how many shares you could buy extra, with your $9k, if the SP delta is a few cents.

Cheers
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