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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 MrHamilton1965on Jan 22, 2020 10:37pm
180 Views
Post# 30586277

RE:RE:RE:RE:RE:I’m baffled!

RE:RE:RE:RE:RE:I’m baffled! 
Hi CANTSTANDCASH1!!

Welcome to you, our Score brother.

Thanks for your note.

First off, your compliments are overstated.

I think you can garner much more information from other posters, so you should stick around a bit and read posts from the others…there are about 6-10 other guys that are much brighter than I that post regularly, so you should be able to pick them out easily. I’d qualify them as seasoned, well balanced investors that are better versed in technical analysis and less emotional. I think they also may be quite vested in the performance of this play.

I’m just a blow-hard that has sunk almost everything into this play because of my history with the CEO.

I’m glad that you’ve decided to become an active participant and I hope that you continue to share your knowledge and insight with this board. I think we all enjoy how this has become such a valuable repository for information and exchange of ideas. It took me a few years to gather the courage to post because I’ve always thought that opinions are like…

So….here’s where I’m getting my info from…

If you scroll down a bit on this page, you can find the monthly on-line sport betting revenue and at the bottom of the Handle column, you can find the monthly total. For example the total monthly Handle for December is  $488,931,379. I looked at the entire NJ Handle [for Sept – Nov] and compared it to what was reported in today’s call for that same period [$8.8M]

https://www.playnj.com/sports-betting/revenue/

Here you can find the monthly sports wagering revenue reports, pick any month you wish. Recall that we got into the game in September and this Q1 earnings report is for September to November.

https://www.nj.gov/lps/ge/swrtaxreturns.html

Here, you can dive into “September” for example…looking at Monmouth [last page of all the properties] total revenue for the month…line 15, “Monthly Internet Sports Wagering Gross Revenue”. The only problem with this number is that it is the total, which combines Will Hill and Sugar, as well as Score…so there is no real way to decouple these numbers…until we get our numbers on the quarterly call, as we did today.

https://www.nj.gov/lps/ge/docs/Financials/SWRTaxReturns/2019/September2019.pdf
 
With respect to Handle and Revenue, you can check this link below

https://www.thelines.com/sports-betting-handle-revenue/
 
I've not been as smart as you, as I have bought and held this stock for over 15yrs...there are times that I wished I cashed out at .90 and rebought at .20, but that my friend is hindsight. That being said, I'm not mad and I will remain unwavering. You know as well as I, that this, even at this current price, can easily be a 5 bagger.
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