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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 MichaelRyan2on Jun 30, 2020 5:10pm
117 Views
Post# 31210060

RE:Monthly House Position

RE:Monthly House Position

$3.7 Million NET just by JP Morgan and Morgan Stanley!!!

To me that is HUGE as its the first I recall ever seeing some of the big boys south of the border purchasing Score- at least at this kind of magnitude... be very interesting to see if they continue to be buyers in June!

TD securities being the biggest net sellers doesnt bother me at all- I think thats mostly small retail guys exiting profitable trades or simply exiting the markets.

Im a little surprised Cormark such a heavy seller as I recall them about a year ago being a big net buyer- could be some one frustrated or scared ... whatever the reason lets hope that individual or broker has exited his shares! 


 

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