Strathcona Resources Ltd V.SCR

Primary Symbol: T.SCR Alternate Symbol(s): STHRF

Energy Oil & Gas E&P

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.

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Strathcona Resources Ltd > Strong open

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Comment by MichaelRyan2on Nov 04, 2019 11:50am

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Post# 30305718

RE:RE:RE:Strong open

Ive sold half my position in the $0.58-$0.59 range last couple days which is why I really dont care as the position I hold is a LONG TERM HOLD.

Once this jumps to $0.65 will probably be when I will be buying more, not selling to be honest.

Once it can break $0.65 we may FINALLY get an uptrend again and build momentum.

Its this sideways channel between $0.55-$0.65 which feels like "dead money" to me right now, and God forbid it breaks below $0.55 I dont want to be a bag holder!

This stock is definitely IMHO going to be an easy double year over year over year- just sadly I missed the double earlier in the year, and tough to say if we will get another pop before the new year.

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