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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: Lloydminster Heavy Oil, Cold Lake Thermal and Montney Gas. The Lloydminster Heavy Oil 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. The Company 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 steam-assisted gravity drainage (SAGD) oil assets. Its Montney development is an active region 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 kentucky77on Feb 07, 2020 7:15pm
81 Views
Post# 30661014

RE:RE:RE:RE:RE:CBC Article from Jan 24th 2020

RE:RE:RE:RE:RE:CBC Article from Jan 24th 2020Good synopsis Perm... politically this is being championed by the NDP member - Masse in a swing Liberal / NDP Windsor riding.  Hence in a Liberal minority government situation it could stall waiting until the next election - 2, 3 or 4 years away.  Niagara Falls is Conservative.... 

Accordingly, the best alternative is a private member's bill by Masse, if he is allowed to table it as the NDP leadership would probably be against it.  If tabled, my estimate is a 50/50 chance of passing,  . 

This is compounded by the fact the Province of Ontario is Conservative again a politically charged relationship with the Liberals in Ottawa so there is no clout.  Other than if the Conservatives decide to challenge the federal control over gambling and take on the Liberals.  A tough one for the social Conservative faction of the party to support.

The 'end run' in this whole process could be thru Unifor, the union that represents 9,000 casino workers in Canada and are 100% aligned with the Liberal government.  There could be a path for a 'quiet lobby' if they can see the benefits for their members... 
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