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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 Theriskyoneon Oct 10, 2019 11:51pm
313 Views
Post# 30220439

F2019 Q4 Expectations

F2019 Q4 ExpectationsObviously since the period in this earnings is only until Aug 2019, there will be little to no revenue (possibly some soft launch figures). That said since there are no expectations of strong financial results there shouldn't be much of a sell off. In fact I think there will be of light shed on the betting app and expectations in the next 3, 6, months etc. Given Levy's recent confidence on various podcasts I don't think there is much of a worry of acquiring users. We have a deal with Penn National to operate in 11 states which we will eventually be in, in the next 1-5 years (rough estimate). Ultimately the most factor for success is the number of users on the betting app and total handle (total amount wagered). This is what I will be eager to hear about in the earnings call or at least what is our strategy to acquire these customers.
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