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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Strathcona Resources Ltd > Earnings

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Comment by divime1on Jan 13, 2021 5:16pm

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Post# 32287840

RE:Earnings

How is it possible for a bookie to lose money .

" Gaming handle was $55.8 million and gross gaming revenue was ($0.3) million in Q1 F2021. When taking into account promotional costs and fair value adjustments on unsettled bets, this resulted in negative net gaming revenue of $2.0 million. "

Then it gets worse .

" At the Meeting, shareholders will be asked to approve a special resolution to authorize theScore’s board of directors to effect a consolidation of our Class A Subordinate Voting Shares and our Special Voting Shares based on a consolidation ratio within the range of one post-consolidation share for every two to twenty pre-consolidation shares. "

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