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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

Comment by MichaelRyan2on Jan 02, 2020 6:06pm
120 Views
Post# 30513053

RE:Ceiling for buying?

RE:Ceiling for buying?Perm actually my MAX CEILING ON PURCHASES is $0.76 as of today however I bought 5,000 more today at $0.75...

WIth the support level of $0.75 having an ability to turn into resistance I didnt want to buy any above $0.75....

That said, once we learn more about current revenue model, and insights into what Score is looking to do next 3-9 months, new markets, gaming side of the business, etc... 

with more liquidity (ie. shares traded on a consistent basis), and break out above $0.95 I would reconsider at that time purchasing more UNDER A BUCK, once I feel this thing is ready to blast off.

Watching this stock daily for almost a year now, my experience is that it is "HOT & COLD".... when it runs, it fn sprints... then it takes big breathers retracting and then consolidating which a healthy stock shoudl be doing...

Right now I hold about 20K and if I can squeeze another $5K+ Profit out of Fuelcell or my BNGO investments really take off, I hope to buy another 5K-10K before this month is over and momentum rebuilds in this sector and in score specifically....

Please do continue to post these types of questions and insights... it is this retoric back and forth that helps one another, beyond same ole same ole b!tching and complaining about SP or how or why it dumped a few pennies (the qeustions we will never know the answers to)
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