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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 Dec 04, 2020 6:57am
253 Views
Post# 32035326

RE:RE:Some SCR article reading for a slow day...

RE:RE:Some SCR article reading for a slow day...
BudFoxx2020 wrote: Looking very good today.  Once we break 1.55 and 1.60, we are off to the races.  I believe the sellers are done selling under 1.50.  the legalization momentum is just too big to ignore.  Volume is still not there.  Would be a huge sign if we can hit 5 million volume and close above 1.60+.  


Well Papi likes to email me to tell me my TA is $hit lmao but that said my charts show $1.70 (not $1.55 which yes was key pivot point needed to break for the 'break out') as resistance towards retesting $1.85

I think yesterday close was fantastic and MACD on 10D Hourly about to cross up today or Monday... which would signify beginning of the next leg up!

I thought that the $40M bought offering which is expected to close on or about Dec 17th (aka another week) would hold us down in the $1.40-$1.50 region however Economics 101: supply and demand.... and there continues to be high demand for this stock price, leading to higher ASK!

So slap that @$$ b itche$ and lets take er over $2.00 by New Years!!!

The biggest number I'm looking at is $3 cause Im a risky mother f*er and plan on TRIPLING MY POSITION second this becomes 30% marginable (ie. $3+ Bid)

GLTA especially you shorts... your nuts about to get roasted on an open fire - Merry Fn Christmas and to rest of you homos.... Happy Holidays lmao 

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