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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 CdnHustleron Jun 10, 2020 11:35am
86 Views
Post# 31133543

RE:RE:RE:THANKS FOR THE SHARES GUYS!

RE:RE:RE:THANKS FOR THE SHARES GUYS!

If you are judging it on your criteria about esports, betting and growth.

1 - Based on esports wouldn't it be wise to look at $GMBL and see it's also pulling back?

2 - If it's based on the gambling prospect. Arguably the situation for theScore is MUCH worse in that situation ignoring all covid related impacts. Why you ask? Well look at $penn, $dkng $betz $MGM $CZR $ERI etc. All of these are MUCH higher than before giving them more capital and value to expand in their backyard vs a small Canadian app that's trying to compete in the USA. 

I would be more concerned that a competitor with significantly more Market Cap could easily make your pipedream just that, a dream. 

I'm trying to be rational. When the next financials come out, I wouldn't be suprised if the team needs to consider diluting this even more and doing a raise. 

 

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