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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 MichaelRyan2on Feb 11, 2020 4:21pm
96 Views
Post# 30676545

RE:RE:RE:RE:RE:Hypothetically speaking

RE:RE:RE:RE:RE:Hypothetically speakingI HAVE PERSONALLY IN MY ALMOST 20 YEARS OF TRADING SEEN A BID AKA TAKEOVER AT A SHARE PRICE BELOW "CURRENT" VALUATION!

I have seen stock price almost immediately jump much higher than the bid price on assumptions of a hostile takeover, multiple bids, or negotiated higher bid which if none of the above pan out the stock price tends to drift back down within a % or two of the bid (higher or lower) BUT again I have never seen a scenerio where a bid was announced with a price offer LOWER than current stock price.

Bids are typically always especially with small growth stocks 30-100% ABOVE current market valuation otherwise be ZERO incentive for the shareholders to approve.

A company would have to pay a premium for the "forward earning/revenue" aka potential of the company which with Score I would think we or should say Levy would have to get a minimum of 2-3X current market share to even consider it!
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