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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, including Lloydminster Heavy Oil, Cold Lake Thermal Oil and Montney. The Lloydminster Heavy Oil segment 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. It 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 SAGD oil assets. Its Montney development is positioned in some of the active regions in the Montney basin, the condensate-rich Kakwa, Grande Prairie, and Groundbirch regions, and produces liquids-rich gas.


TSX:SCR - Post by User

Bullboard Posts
Post by CREAMSHOWon Nov 03, 2015 8:37am
205 Views
Post# 24253018

Patiently waiting

Patiently waiting I bought at 0.23 sold at 0.38 got back in at 0.33 and got out at 0.79 / recently I bought back in at .56 with a sell target of around a buck and have been holding since. I'm haven't averaged down yet and was originally planning on waiting until Dec and Jan avoid any tax loss selling. I'm not in a rush here and intend on holding 30% of my shares for a few years. I contacted the company yesterday and I recommend anybody who has any doubts or questions to do the same. I found them to be quite responsive to shareholders. I still don't think upcoming news will have a major effect on the share price especially for those who are under but i plan on taking advantage of these low .30's to bring down my average. I think by March we will have a strong momentum again. Good Luck CREAMSHOW
Bullboard Posts