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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

Post by Brick2006on Jan 25, 2020 8:49am
140 Views
Post# 30598004

No need to panic!

No need to panic!Good morning my friends. I have great news, the sky is NOT falling! There will be times like these that we must weather, it makes us disciplined investors. It teaches us NOT to panic when things don't go our way. I believe with the recent news, ie Indiana, Colorado, NBA the stock is valued more today then yesterday. The first quarter was not great in terms of handle and revenue however, it was only the first quarter. Mr. Levy was very confident they were only scratching the surface in the New Jersey and I truly believe that. Going forward like Mr. Ham mentioned we will see a handle of $16M - $20M with much better return in that market. There are so many positives here to look forward to and believe we will rebound very soon! Like putting together a puzzle, once the border is done the rest of the pieces seem to fall into place faster and easier. A month from now we won't even remember this past week. As always good luck my friends!
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