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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 MichaelRyan2on Sep 03, 2019 2:05pm
57 Views
Post# 30091167

Gap filled!

Gap filled!Clearly profit selling transpired at 5 year highs at $0.90+

that profit selling on top of what I’m sure was short selling 
created double down ward pressure giving shorts short term
win and those who took profits I salute you! I wasn’t brave 
enough knowing my personal opinion of this companies value
and truly believing a short squeeze could cause a parabolic spike
with news and update of our new betting app! 

I am first to admit I got impatient and bought more at $0.81 when
i should have waited for a bottom to be found which I still
dont believe we have- 

we have now filled the morning gap which is good technically moving 
forward cause next run now I believe we can and will break a buck 

I don’t see at this moment any major buying spree coming
End of day...  hope I’m wrong but fee like  freedom45 will have
his day as much as that makes me cringe to say lol 

my technicals now showing us in overbought territory but
until its breaks this down trend we could continue to drop
to $0.70-$0.71 level unfortunately.

I will feel good again when I see us back above open of
$0.78 and hope we have a strong close.

I STILL BELIEVE WE HIT A BUCK BEFORE THE WEEKEND-
you disagree with me freedom?  








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