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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

Comment by Rosebudon Aug 27, 2019 4:23pm
61 Views
Post# 30071896

RE:RE:RE:RE:RE:Support is at .49 Be careful you don't get burned by pumpers

RE:RE:RE:RE:RE:Support is at .49 Be careful you don't get burned by pumpersI agree he may be trying to scare people a bit to get some cheaper shares, but at the same time, the stock is still a bit over extended and could come back down some more. $0.49 is a bit far, especially since the PP just closed at $0.59 but these pennies move quickly. I love the optimisim on the board, but there is room for both perspectives. If you only let yourself see green, how do you know when things are going to turn red? Long and Strong for me, but on large price swings it never is a bad idea to take some profits. 
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