Strathcona Resources Ltd V.SCR

Primary Symbol: T.SCR Alternate Symbol(s): STHRF

Energy Oil & Gas E&P

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.

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Strathcona Resources Ltd > hope riskyone aint crying the blues and grabbed some shares

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Comment by Theriskyoneon Mar 03, 2020 11:04am

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Post# 30760848

RE:RE:RE:hope riskyone aint crying the blues and grabbed some shares

Hi Mono,

Last week could have very well been the bottom. I did not strongly factor in market manipulation so yes; the 50 BPS cut makes it much more likely. That said, I still expect the virus to continue spreading and wouldn't be surprised if we see some outbreaks in the US very soon. Not exactly sure to what extent that would affect US markets because there are a lot of factors here.

Side note, as of yesterday Vegas now has Joe Biden the odds on favourite to win the democratic nomination.

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