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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

Post by driller1aon Jun 05, 2020 5:35pm
228 Views
Post# 31118529

SCR not at $1 yet?!

SCR not at $1 yet?!

I guess that half a billion shares weighs heavy everyday. A smaller float and this stock would have been well over $3 by now. 

I own 10,000 shares. I watched it flatline in the .90 range today. A lot of buying. But, omg 40,000, 50,000, 100,000 share lots coming out of the woodwork all the time. You think it's going to break out and another 500,000-600,000 shares show up on the ask side up the line on level 2. The reason I usually never buy a trading stock with more than 100 million shares OS.

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