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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 BudFoxx2020on Feb 16, 2021 9:28am
422 Views
Post# 32571930

Morning all...

Morning all...This is it.  Big and exciting week ahead.  This is what a lot of people were waiting for.  Like I always said I am here strictly for the legalization.  Let me make it clear.  I am not here for the long term.  I am a trend investor.  I have followed SCR for 5 years but only took a major position the day the C13 bill came up when volume was 20+ million in late November.  It's was a no brainer.  I was expecting $5 at best after legalization but SCR just kept rising.  Why sell when the trend is still up.  Anyways it reminds me of when they legalized mirijuana.  I saw canopy go from $2 to $70 and crash back to $12 and back to $50.  Point is nothing goes up forever.  Make sure you take profits along the way.  Remember the % game I always preach it is easier to move up from 0.80 cents to $5 and $5 to $50 than $50 to $5000.  This is why I am not a fan of the 1:10 split.  Anyways just my honest opinion.  I am glad everyone here is making good money.  If people want to buy let them buy if they want to sell let them sell.  No need to pump or bash their action.  Cheers.  
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