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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Comment by MrHamilton1965on Aug 24, 2020 8:39pm

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Post# 31448287

RE:This is

This month is almost over and we’ll get to see Monmouth revenue reported out of NJ mid-September, remembering that Monmouth’s numbers are the summation of Will Hill, Sugar and Score…and to that end, our Q4 also ends.

I’d say that we are poised to have a similar Q4 to that of Q1 with respect to Monmouth totals, yet our reported revenue from sports book activities will surpass that of Q1 based on the fact that our traction/popularity has increased since Q1 [as can be seen by Q2 traction].

See for some details I collated by quarter. https://imgur.com/418CWMj [I hope the link works for you, you may have to cut and paste]

Q1 Monmouth Revenue was $5,874,231.00 and our resultant reported GGR was $242,000, so about 4.12% of Monmouth’s revenue.

Q4 Monmouth revenue so far is June: $593,548.00 / July: $ $1,599,710.00 and let’s assume they do $2M in August, the total for Q4 would be $4,193,258.00

If we use an average of 7.35% of the Monmouth Q4 total, we would report $308,204…so only $134,795 off the mark of our best quarter Q2.

Add in Advertising revenue and we could just see our best Q this year!!

Of course, and obviously the numbers are not where they need to be, by a long shot and we are a far away from EBITDA positive results, but all things considered, during a pandemic, I think we did reasonably well.

As Levy had said, we need the power of numbers, so let’s not waste any more time and get CO taking bets and well as finalize IN so they can start taking some money…and then hopefully move to other PENN areas from the deal, like IA, MI and maybe MS.

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