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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 Brick2006on Jan 14, 2020 4:52pm
70 Views
Post# 30552925

RE:Question for the LONGS on this board....

RE:Question for the LONGS on this board....MR this is a great question! Although I too have been very impatient on new state rollout's if I really stop and think rationally I can see how and why it takes time; First off the expense opening a new state can be enormous. Secondly I look at Fanduel and DraftKings and they're both bleeding cash because aquistion cost ie marketing/advertising in new states is very expensive. Lastly although the Score is only in one state so far, in my opinion it's the state that matters most!

My thoughts only. Good luck my friends!
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