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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 MrHamilton1965on Jun 06, 2020 9:01am
131 Views
Post# 31119737

RE:SCR not at $1 yet?!

RE:SCR not at $1 yet?!Hi DRILLER1A,

I think we all hope for the weak hands to gain some perspective and not be so short-sighted. Those shares they sold this week will trade for >$1 next week...and shortsighted moves like that cost them 10-15% in the short term [just one week or so].

I'm not a keen trader, however, I don't think I'd let something like float size get in the way of a undervalued investment, an investment in which you believed in, after the requisite DD, or perhaps the intimate knowledge on the inner workings of the skunkworks.

I will though, put it on the things to look at [float size] moving forward, when investing.

Thank you and Good luck!
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