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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 Mar 18, 2020 10:41am
48 Views
Post# 30821306

RE:RE:RE:ANOTHER GAP TO BE FILLED!

RE:RE:RE:ANOTHER GAP TO BE FILLED!
vitalina2233 wrote: Sorry MR2 wasnt right this time but here's your chance to but MR2  Papi


I WASN'T RIGHT?!?!  What are you talking about?  Go back and re-read my post.

I said "technically" if we traded ABOVE $0.40 there is a gap between $0.43 and $0.50 cents which could be a nice additional 20% swing.... stock never seen or made it to $0,43! It gapped down at the bell.

AT THE SAME TIME I STATED, FUNDAMENTALLY I FULLY EXPECTED EVEN IF TECHNICALLY WE CONTINUED TO BOUNCE THAT WE WOULD RETEST THAT $0.315 LEVEL GIVEN THE WEAK MARKETS....

Well we opened at $0.365 (not at $0.40+) which is quite BEARISH so I am not sure who bought at the bell but they would have been bottom fishing and guessing a bottom.

Here we are now back at $0.32 .... 

You're ONLY RIGHT when you make money papi, you know this so considering the fact I sold at $0.60+ and its now back at $0.32 nearly a 50% drop... I consider my actions to be spot on

(thus far to remain humble!)




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