Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Theriskyoneon Apr 28, 2020 1:46pm
112 Views
Post# 30962785

RE:RE:Lately board has been more negative than positive

RE:RE:Lately board has been more negative than positiveCandy - Yes you had good opposing opinions last week, but I just thought it was a little too negative. I will respond to your recent comments below.


2. Yes, I took a closer look at the operating expenses and it does appear it will difficult to significantly cut them but there is some room to. I think I'm more optimistic on the revenue side than you are. When I did my rough calculations, I forecasted an approximate 2/3 decline in revenue which I think is significant.

I agree, cash burn is much more important given the circumstance. I'm confident if sports resume by July (MLB/NBA), liquidity won't be an issue. If sports happen to resume in September it will be difficult without raising more capital.


3. Yes it's less costly if theScore sets odds themselves and I agree long term that could change.


My sports timeline prediction:

MLB - Mid June resumption
NBA/NHL - Late June, early July resumption
NFL - no change in schedule. Begins in Sept as planned


<< Previous
Bullboard Posts
Next >>