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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 Aug 06, 2020 12:49pm
164 Views
Post# 31373741

RE: $25 Million Bought Deal Financing

RE: $25 Million Bought Deal FinancingHey SHOOTER,

Nice analysis and summary.

I'm not worried about the dilution or the stock price dropping too significantly. I'm happy to see Levy make the necessary moves to keep this ship afloat long enough to be handsomely rewarded [including us].

Like PAPI, I don''t expect much as far as Q4 results, even though there was the assertion that recent baseball wagering eclipsed the superbowl.

What we really need is to be uplisted to the big boards in US and Canada, as well as find our way into MI, IA and IL...and of course be live in CO and IN before the SB.

Fingers crossed we can salvage something in 2020...but 2021 is our year.
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