Strathcona Resources Ltd V.SCR

Primary Symbol: T.SCR Alternate Symbol(s): STHRF

Energy Oil & Gas E&P

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.

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Strathcona Resources Ltd

Bullboard Posts

Comment by evwarsh1on Apr 13, 2017 10:51am

258 Views

Post# 26117783

RE:RE:This Mornings Opening Net House Trades

I don't believe I am missing anything here. Please correct me if I am.

Bloomberg reports 12,014 shares sold short in a stock with an average daily volume of over 150,000 shares.

Unless I'm wrong, short sellers have nothing to do with the decline in this stock. It's due to a high cash burn rate and limited potential for growth.

And a average monthly user stat that is very difficult for anyone to verify. Which is now also looking poor.

They should've raised money so many times in the past.

This company has issues. Don't blame short sellers.

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