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 sollmgon Aug 20, 2020 11:39pm
165 Views
Post# 31436900

RE:Trades go from mid 60s to 72 cents

RE:Trades go from mid 60s to 72 centsThose trades are the result of Buy-in requests from the TSX to cover failed trades, ie Naked Shorts. The Preliminary Buy- in requests come out at 1330 hrs daily and brokerages can offer to sell shares to the TSX to cover the shorts. Today a buy-in request for 1.2+ million shares of SCR was put out at 1330 and Leeds, if I remember correctly, sold 45,000 shares to TSX100 at 1506 hrs. When the Final list was released there were still 834,000 shares outstanding. The seller gets a the last board lot price plus a premium, 7 cents for todays trade. This happens daily. You can see the list at 1330 at tmxmoney.com under the research tab. Funny thing about todays trade is Leeds bought the shares at 1502, sold them at 1506 and pocketed $3140. Haven't seen that before. Its pretty normal for brokerages to short stocks to pay for a financing but I don't know if thats what caused the failed trade here.
<< Previous
Bullboard Posts
Next >>