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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 Nov 16, 2019 2:17pm
93 Views
Post# 30360581

Up listing and the future!

Up listing and the future!

Hey everyone, although I haven't posted for quite some time, I'm still on here reading your posts! I'm also still as bullish as before and excited to close the year strong.

I saw a few posts earlier day regarding potential up listing. I should have posted this earlier, but I was fortunate enough to get a response back from James Bigg regarding the potential up listing from TSX venture to either TSX or another US exchange. He said he was unable to speculate on it. I then emailed back blatantly asking does that mean no. He responded saying he simply can't comment on it.

I take that as a somewhat positive sign as I feel it's somewhere in their timeline among many other things but he simply can't discuss it at this time.

Future Outlook:
In my opinion I think patience is super key as mentioned by many of you. If you look at the facts, we are 2.5 months live in only one state. There is so much on the horizon we know about - 9 additional states to launch, additional sports to bet on, improved app features, and potential partnerships. Imagine what else is one there plate we don’t know about!


One thing to note is Levy has said on multiple podcasts he's been on since launch is that he is building this thing slowly. What I get from this is that he doesn't want to get big too quickly. I would bet they have been approached to partner with a sports related company or even a potential acquisition but he has simply shut it down to organically grow this thing and focus on what he does best and what he has stressed since the very beginning, customer experience.

 

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