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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 Bangkokboyon Jan 09, 2021 11:48am
511 Views
Post# 32261255

RE:Anyone worried about an election?

RE:Anyone worried about an election?Not going to talk you out of it as you're not wrong, though they'll be no change of government, probably even get a majority. Though calling an election would delay this big time, but it'll go through eventually, it's just the time line would be unknown. They need new fresh revenues, this is why this going through. 2021/2022?
SteMad wrote:

Legaliziation in Canada is still somewhat away from finality. 
Needs antother couple readings and royal ascent but it may not even get there if the gov changes. 

Is anyone worried about this?

yes I know Canada is only a small % of potential North American market but its also the place where SCR is most embedded with media app users. To me it is the place to establish a growing and profitable book with relatively little cap ex spend compared to the marketing bux needed in the states. 

Canada falling apart is something I see as a major risk. 
 

Talk me out of it?



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