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 > Best Idea

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Comment by Brick2006on Nov 16, 2019 4:09pm

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Post# 30360734

RE:Best Idea

My thesis on buying shares is quite simple. I'm definitely not a technical analysis guy so I don't use charts all that often. The most important item for me is the CEO and management team. I base it all on management success, past and present. My previous holding was a company on the TSX ticker WBR formerly BRB (Brick Brewing) bought it solely based on the CEO leaving Lakeport Brewery because he sold the company to Labatt. He joined Brick Brewing as the new CEO, at the time the stock was 0.25 so I bought and later sold at $3.10. Good management will usually never fail you!

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