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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

Post by mikelangon Jul 26, 2017 8:24am
219 Views
Post# 26509943

TAKE A PILL!

TAKE A PILL!I realize most of you are upset, disappointed, pissed off! understandable.
Let's be realistic, the IPO closed yesterday at 0.20cents. Are you expecting net sales to be a million bucks?
Of course monthly users went down and that's unfortunate but should we all throw them under the bus? Actually revenue numbers compared to last year in the same quarter went up, and net loss went down, that's positive. 
If i'm not mistaken, big names like Amazon are on board with using the SCORE as advertising special events and that's positive too.
Yes, investors will panic and realize their money might disappear in the short term but hey that's the risk. Smart investors are patient and look in the long term. 
Canadian companies need our support and we should not be so quick to bash them so quickly.
We might move down to 16-18 cents, I believe that's the bottom folks but I assume with these quarter numbers it will hit .18cents.
SQUAD UP RULES!
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