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 > Ceiling for buying?

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Comment by Mr.Monopolyon Jan 02, 2020 11:02pm

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Post# 30513816

RE:RE:RE:RE:RE:Ceiling for buying?

Completely agree with MR2 and Shock. Obviously none of this is set in stone rules and every stock is case by case. I do average down also, but only when I have huge conviction in my thesis or am dollar cost averaging in. However, in my experience, looking at my past trades averaging up has usually worked better for me then averaging down. I see averaging up as the market confirming my thesis. If you dont have a clear cut thesis on why you think a stock is going up. Do not buy it.

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