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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

Post by Dilligaf74on Jan 18, 2021 3:01pm
396 Views
Post# 32321674

Profit taking

Profit takingI posted a while ago about if anyone is taking anything off the table....I have a large position (I guess relative), at a low average, been in it for 10 years or more.

Some people responded with some good strategies......some about taking some out if it hit $3 etc....

I am so tempted to sell a small portion (13%), to take basically what I have put into the stock.......but I also struggle cause I still beliveve this will climb, or at the very least is worth this valuation until it is bought out.  

But I don't want to be greedy....any tips?

I am curious if those who had strategies of selling portions, did you follow through? or just see too much future in this?



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