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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 Jun 06, 2020 9:01am
123 Views
Post# 31119737

RE:SCR not at $1 yet?!

RE:SCR not at $1 yet?!Hi DRILLER1A,

I think we all hope for the weak hands to gain some perspective and not be so short-sighted. Those shares they sold this week will trade for >$1 next week...and shortsighted moves like that cost them 10-15% in the short term [just one week or so].

I'm not a keen trader, however, I don't think I'd let something like float size get in the way of a undervalued investment, an investment in which you believed in, after the requisite DD, or perhaps the intimate knowledge on the inner workings of the skunkworks.

I will though, put it on the things to look at [float size] moving forward, when investing.

Thank you and Good luck!
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