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.

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Strathcona Resources Ltd > NEW RECORD Q2!

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Comment by DRiPIncon Apr 22, 2020 4:36pm

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Post# 30941457

RE:NEW RECORD Q2!

While the increase in eyes on the apps/Esports and an increase in the gaming handle is encouraging, these numbers need to efficiently be turned into $$$. With Q2 gross gaming revenue of $443,000 and a negative net gaming revenue of $195,000, there is a lot of work to be done in this regard. EBITDA loss of $8.6 MM vs. $2.2 MM in 2019 is concerning.

Third-quarter is going to be very, very ugly, but I am hopeful they can tighten costs and reduce the $ spent it takes to drive revenue moving forward.

Stay healthy all,

DRIP

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