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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 Dilligaf74on Dec 16, 2020 12:40pm
123 Views
Post# 32119440

RE:RE:RE:RE:RE:My last post

RE:RE:RE:RE:RE:My last post
Dilligaf74 wrote: But yes, I 100% agree, don't touch it unless you know and understand what you are getting into!  I had no business being in it, and listened to a "tip" from a friend, when oil was crazy low, he said it was a "for sure" thing . I should have known better, but got in the day before oil went negative for the first time!  it was halted a few times....lost about 5G in less than 24 hours‍, luckily made the choice to pull remaining cash out and save some.   But yes, please do your dd if investing in these leveraged ETFs, it even states in the prospectus that the ETF is not for buying and holding.....I didn't do my proper intel. 



Sorry, this post messed up....I was adding to what someone wrote about the Horizon ETF on Oil......but the message got cut off, and I forgot to quote....was agreeing with the poster, and just sharing my story to caution anyone so they don't go in blind and stupid like I did! lol
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