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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 Oct 10, 2019 1:48pm
287 Views
Post# 30218167

SOLD HALF MY SHARES @ $0.60

SOLD HALF MY SHARES @ $0.60Sorry guys, but rather than be like most posters who only tell you they sold after stock drops 20-30% I am letting everyone know I sold half my shares yesterday and today...

I know many of you dont believe in technicals but based on my technicals... drop below $0.60 means good probability of retesting or touching $0.50 and I wasnt about to see my investment down 15% after already seeing my 30%+ Profits dissapear since we touch 52 week high.

I have a different mentality than most when I say Id rather buy back my shares @ $0.66 after this never ending downturn ends rather than guessing where a bottom is, or continue to dollar cost average down.

If I was up like the other LONGs I wouldnt care but my investment was in funds I need for income so cant afford to be all in when this stock now is looking to be down for 25th of the last 28 days...

My Slow Stochastics look to cross back down, with the MACD still crossed down since September 11th... 

I hope to see you guys back at $0.66 and NOT $0.50 

GLUCK EVERYONE. 
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