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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 Aug 25, 2020 5:23pm
131 Views
Post# 31452502

RE:SHORT positions have exploded.....

RE:SHORT positions have exploded.....Hi JARVIS,

This is an interesting observation. It looks like you've certainly found a way to possibly see downward pressure of the stock price in the future, with such a huge influx of short sellers.

DISCLAIMER: I don't know Jack about Calls and Puts and Short Selling...I'm more of a Buy and Hold kinda guy, as can be seen with this stock...been holding the bag and singing the company song for around 18yrs.

Now I do understand the Short concept and looked at your figures and you're right, they sure exploded in a short time.

Is it possible that all of these Shorts were a result [after-effect] of both the Q3 Earnings Call and then subsequent announcement of the Bought Deal? Rather than anyone having "INSIDER" information? I don't see the insider 'thing' but maybe I'm looking at it wrong.
  • July 28th we had the earnings call
  • August 5th we announced the Bought Deal

Symbol Issue Name Shares Net Change Date
$SCR.V SCORE MEDIA AND GAMING INC. 4,283,540 3,794,138 20 Aug 2020
$SCR.V SCORE MEDIA AND GAMING INC. 489,402 384,665 6 Aug 2020
$SCR.V SCORE MEDIA AND GAMING INC. 104,737 -17,405 21 Jul 2020
$SCR.V SCORE MEDIA AND GAMING INC. 122,142 -244,065 7 Jul 2020

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