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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 Apr 22, 2020 4:25pm
115 Views
Post# 30941383

RE:RE:NEW RECORD Q2!

RE:RE:NEW RECORD Q2!NEED TO READ BETWEEN THE LINES DEBBIE DOWNER....

Of course they called out that the upcoming quarter was bad- tell us all something we dont already know BUT AT LEAST showing integrity by coming out and saying that.

Secondly YES gambling lost $200K but thats because of a) lost more bets which new book so odds will work in our favour long term and b) more than likely incentives applied to get new users to use the book.

What I am happy to see if 58% growth Q-over-Q to $13.8 Million in Q2 2020!

I think also works out well how flexible this team is and fact they are continuing to operate at pretty much full capacity with "work at home rule" and continuing to improve and perfect fuse and ScoreBet so its a best in class app once sports is back up and running.


Social metrics and engagement/audience continues to boom which is going to be a huge valuable asset as more states and countries continue to legalize sports betting.

I believe that the quarterly numbers are better than most people expected.... tomorrows trading market will tell if people more optimsitic or pestimistic like you. 
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