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 > It's Funny

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Comment by PermCouponon Jun 08, 2020 11:27am

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Post# 31124214

RE:It's Funny

Not saying I'm selling on this profit, but his points weren't completely invalid.

The push in price is due to hype. The company has not posted profits, we are not seeing growth into other states, and there's nothing indicating that the REAL value of the company has increased.

Happy to be here, but I'll be less nervous once we start having real money coming in via ad revenue and betting...which we won't even see until Q3.

Just saying, don't get too comfortable at these prices.

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