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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 Sep 12, 2019 12:45pm
50 Views
Post# 30120319

RE:RE:RE:RE:RE:What if you fine folks listened to ol Freedom

RE:RE:RE:RE:RE:What if you fine folks listened to ol FreedomI highly disagree Monopoly. IF, and thats a big if, you could time it perfectly, you would actually make tons more money. But the problem is the timing. People will often miss the peak/trough and have to pay commision on the trades, so they may lose some money. But look at scenario below (doesn't include commission but would most likely only be 100-200 basis points.

A)   You buy 10,000 shares of SCR at $0.50. 4 days later, shares shoot up to high of $0.72, at which point you sell all your shares. ($5000 invested yields $7200 return). 4 more days pass and shares have pulled back to $0.61 and your buy order fills at $0.62. You now own 11612 shares of SCR. 3 days pass and shares shoot up to $0.82 and you sell again ($7200 invested now yields $9521.84). You have officially made $4521.84 (90% return) in 11 trading days.

B)   You buy 10,000 shares of SCR at $0.50. 11 trading days pass and you sell all your shares at $0.82 ($5000 invested yields $8200). You have officially made $3200 (64% return) in 11 trading days.
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