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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 Theriskyoneon Sep 18, 2019 8:53am
124 Views
Post# 30139097

RE:RE:August numbers

RE:RE:August numbersYou are correct. I know you may be thinking 19.2M is quite small compared to the 250M in wagers but it's not. Sportsbooks are essentially facilitating bets for a fee, around 6% give or take. This eliminates liability having to lose millions because they keep adjusting the spread, money line, etc. to balance wagers on both teams, opponents or players. This allows them to profit regardless of the result of the match. It's unlikely the score has a strong marketshare in NJ because they were not first to market. It will take a little time for them to be truely competitive in that state but I don't see them taking a back seat in new states that begin to regulate sports betting.
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