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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 NoGambleNoFuturon Sep 30, 2019 10:05pm
183 Views
Post# 30180206

No stress

No stressI think people are forgetting that the stock is still up 65.7% from .35!!! I invested at .35 and sold at .7725 since I missed the chance between .80-.90. I unfortunately only re-bought at .73 to compound my gains. All I can say is that people shouldn't forget that the stock is up 65.7%, Levy bought additional shares at .59, and most importantly, the 40M convertible debt is for shares at .75. They're obviously comfortable enough to convert shares at .75 since they're confident enough that the share price will eventually be >.75. I'll only have extra capital to invest in about 2 weeks, and when I do, I'm going on a shopping spree on these shares. I'm a long term investor so this doesn't bother me at all, it just gives me more of a reason to buy more and delay moving out with my girlfriend LOL. I only see the share price hitting the .80-1.00 range during Q1 earnings. Anyways, that's my personal opinion. GLTA bulls.
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