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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 Silentbullon Apr 21, 2021 10:06pm
168 Views
Post# 33042489

Dismal performance

Dismal performance

I must say that we didn't expect this to go this low from the 52 week highs but guess the results dampened and the shorts have since then latched.
Having said that, keep your gun power and do not average this down coz never know where the bottom is, worst case scenario I would say $14-17 is a sweet spot range to double down.
This co has a lot of goodwill and can be a takeover target by some US gaming co, for long term holders nothing to worry about this will bounce back to $50+

the last two raises have been at $27 and $$14, so looks like this might touch the teens sometime.

May be do some penny play for fansunite as well around 70cents for a bounce to 90c to a dollar range 

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