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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 MichaelRyan2on Sep 03, 2019 2:28pm
35 Views
Post# 30091273

RE:RE:Gap filled!

RE:RE:Gap filled!$0.92 isn’t “now” resistance- it has always been the resistance 


majority of the longs, me included maybe got a little too excited 
This morning and thought it could break that resistance on a first attempt -
the probabilities were very low but the risk to reward of selling at $0.90
when I bought in at $0.58 didn’t warrant such a move in the moment.

I still have yet to even hear your position or if you even have one?

i hear you on your dilution concerns and fact you believed we were overbought - I feel the same way about 90% of the companies trading these days so I expect Score media to overshoot their real valuation and trade more 
on their future potential very soon.  No doubt this app and positioning
will allow them to dwarf revenues warranting a much higher stock valuation 

I see that value given the move made today to be minimum $1 and 
If shorts panic I would be so ballsy to say we could spike to $1.50-$2.00
on a more material change PR or update on success of our new sports betting app

In my humble opinion $0.75-$0.80 is “fair market price” for everything 
We currently know this moment so this mornings spike was an overshoot- there will be plenty of them in next weeks and months!

As per my previous messages I was confident we could and would hit $0.92
but I also stated I expected us to come back and settle around $0.75

Both predictions materialized and I stick by that statement until we see the real PR longs been anxiously awaiting to read and hear we will probably remain in a sideways channel of $0.72 - $0.78


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