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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 Voyager7on Jan 19, 2021 12:03pm
322 Views
Post# 32326668

Many moving parts in SCR operation

Many moving parts in SCR operationAfter surviving the near collapse of PENN early last year, John Levy is now in full execution mode of his billion+ dollar baby, a complex operation. For one example, consider the back room role of Ryan Sullivan, chairman of the Nevada Bankers Association, in SCR's business. Fascinating to watch since the 15-cent days of SCR stock. And always grateful that he resisted friends urging him to go private back then, so we can now share the wealth. He certainly earned his.
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