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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 MrHamilton1965on Mar 24, 2020 12:40pm
73 Views
Post# 30842139

RE:Anybody? When to buy?

RE:Anybody? When to buy?Hi RAEDAY,

What's the harm in waiting 6 weeks? [assuming the covid infection rate starts to flatten or some combo drugs can be used as to shorten duration or as a prophylactic]

Or until after the next earnings call?

As PERM mentioned, today's surge is somewhat inexplicable. Ultimately, I don't believe Americans or Canadians will choose human life over the economy.

My gut is the DOW will continue to falter [and influence our SCR] and if you believe the same, over the next 6-8 weeks, then there is still bargain basement pricing to come...yes, even in the teens.

Conversely, if you don't think you are getting a magnificent deal in the twenties....

Best of luck and I do understand how $70k, when applied to a ten cent delta makes up a lot of shares. Listen to what others say and trust your gut too brother, after all, your gut lead you here.

Cheers!
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