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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 4:29pm
117 Views
Post# 30941415

RE:RE:RE:NEW RECORD Q2!

RE:RE:RE:NEW RECORD Q2!
Brick2006 wrote:

Agreed! 


Absolutely nothing great about this quarter at all. Revenue down, expenses way up and to boot company issuing more shares to employees to make up payroll.....We'll see tomorrow's reaction I guess.

Good luck my friends stay safe!



Any one here bi$ches about "expenses way up" needs to go do their due diligence!

Given the new platform, connections, and growth of the business WE ALL SHOULD KNOW the expenses are "WAY UP!"

I think management issuing shares to lower operating costs was a smart move!  Facts management are all on board shows faith in the future of this company....  if they didnt believe in the future wouldnt be willing to accept shares now instead of full salaries!

I dont know what expectations you guys had but if not happy sell and move on!

I feel like some of you are expecting miracles over night and out of touch with what variables and costs are involved with such growth Levy is trying to make here....  Being a CEO and building a company across borders I know more than anyoen the costs involved and how sometimes you got to step a step back to make 2 leaps forward later.

I see the company making the right business decisions and Im glad I bought 20K shares last week or two EVEN IF it does happen to drop some tomorrow.

See you all on the call!


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