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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 MichaelRyan2on Mar 06, 2020 7:43pm
60 Views
Post# 30778059

RE:RE:WITH TODAYS CLOSING PRICE, T.A LOOKS UGLY MOVING FORWARD!

RE:RE:WITH TODAYS CLOSING PRICE, T.A LOOKS UGLY MOVING FORWARD!I TRULY HOPE IT POPS TO A BUCK ON MONDAY PAPI!

Sad reality is that some one selling 10K shares CAN and DOES make this stock drop a couple pennies... God forbid a guy like you with more than a couple hundred thousand shares gets fed up or scared, or margin called and tries to liquidate than WE'RE ALL F U C K E D! 

I sold in small lots, and used limit orders to have minimal effect on the stock price.

My worry is that some one soon and I think a few already have, decide to offload 50,000-200,000 share position and send this stock tumbling.... even if they do it will ONLY BE SHORT LIVED ... BUT that said, like you, I want to be in the position to buy 20-30K when that does happen.  I dont want to be over leveraged and caught with my pants down free bagging it on a cold Canadian winter day lol

I may be a lot of things, @$$hole included at times, but BAGHOLDER I AM NOT! 

Have a good weekend man, and better make it a TRIPLE lmao 
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