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 > VOLUME ALL BUT DRIED UP... But $0.71 Holding is BULLish

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Post by MichaelRyan2on Nov 20, 2019 11:40am

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Post# 30374014

VOLUME ALL BUT DRIED UP... But $0.71 Holding is BULLish

So lets get this straight, if vette indeed bought 20K today that means ONLY 17,800 Shares were traded .... talk about volume DRYING UP LIKE VETTE's NUT SACK ON A COLD WINTERS DAY! lmao

Bid (20) @ $0.72 and Ask (5) @ $0.73 Price and here we are still sitting at $0.71 last couple hours.

GOOD NEWS IS:

$0.70 is our support so holding our support level.
Still uptrending and all indicators still BULLISH....

I consider this a consolidation period next couple days if no news but not much shares to consolidate LOL... Bottom line as long as we stay above $0.69 CHILL OUT and Relax ;)

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