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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 Mathleteon Jan 23, 2020 11:33am
240 Views
Post# 30588932

Great to finally see some numbers

Great to finally see some numbersJust wanted to post some numbers and thoughts relating to the recent news. Figures are based on online betting until Mr. Levy starts taking bets out of his Cadillac, at which point we shall adjust. The 8.8 million handle equated to .69% (.0069) of online betting in NJ. The total handle in america is close to 2 billion per MONTH. .69% of that is a large number. The hold on their handle came in at 2.75%. This is much lower than the average of 7.6% across all apps over the same period. This could be attributable to bettors beating the house. It happens, but in the end the house always wins. As a previous post stated many operators went in to the neagitive last month and this is in contrast to Octobers average hold of 9.3%. Revenue from betting could have been 3x what it was. In December Monmonth had the largest month to month percentage gain in revenue at 4%. TheScore's revenue of 242k was 4% of Monmouths online revenue. Again reiterating the small hold, SCR's percentage of Monmouths handle is probably north of 10% Opinions.. TheScores valuation is fair even if they only ever capture 1 percent of market share across America. They are well positioned with their current audience to capture way more. Regarding rollout, I dont agree with a slow and steady reasoning. First to market makes more money. Who would say I'd rather grow my market share and bank account slower? It's obvious the project based nature of the rollout process isn't their strong suit. Other apps are in multiple states so the only excuse is they aren't good at it. Get good at it. New hires and positions are reflecting the attempt.
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