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.

TSX:SCR - Post by User

Strathcona Resources Ltd > WTF

<< Previous

Bullboard Posts

Next >>

Comment by sollmgon Sep 16, 2020 3:36pm

154 Views

Post# 31568841

RE:WTF

The Short sale Report came out this Morning and it appears the short sellers may have got caught out by the timing of the up-listing. Last two weeks of short sales show 4,251,122 short sales (20%) at a cost average of 0.70. Expect pressure as they try and cover. They were likely shorting in the 0.8 to 0.85 range as well. Good buying opportunity coming. IMO

<< Previous

Bullboard Posts

Next >>

Paramount Resources signs $3.32 billion asset sale