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.

TSX:SCR - Post by User

Strathcona Resources Ltd > WAS TODAY THE BOTTOM ?!?! (Longs? Monopoly? MRH? Thoughts!)

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Comment by HeShootsHeSCRson Mar 18, 2020 9:12am

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Post# 30820744

RE:WAS TODAY THE BOTTOM ?!?! (Longs? Monopoly? MRH? Thoughts!)

I think you're right on your entire post. The only thing I would add is this - As you point out, the low liquidity can be our friend or enemy here, so when the recovery comes it will come quick, and just a few hundred thousand shares will spike the price in a short amount of time. Just something to be aware of for people selling at this price. <br />
I think the more prudent decision is HOLD, and again as you point out if you have the risk tolerance this may be a good BUY opportunity for the next few... days? weeks? months?

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