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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 Mr.Monopolyon Mar 01, 2020 7:14pm
46 Views
Post# 30753852

RE:RE:Hey Risky

RE:RE:Hey RiskyRisky, look up the First Time Home Buyer's Plan in a RRSP. If you are declaring decent income it maybe a good fit for you. If this is future down payment money it is a good thing you sold. I think the SCR will be much higher in years to come, but nobody has a crystal ball. It is much more important to protect on the downside no matter how much conviction you have. I understand now why you panic sold, i would say 99.9% of people would have if it was literally house money. The key is to not put yourself in that position in the first place. Congrats on the sucessful trade.
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