Strathcona Resources Ltd BKBEF

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: Lloydminster Heavy Oil, Cold Lake Thermal and Montney Gas. The Lloydminster Heavy Oil 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. The Company 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 steam-assisted gravity drainage (SAGD) oil assets. Its Montney development is an active region 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 > Watch US natural gas storage reports

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Comment by RuudinFranceon Feb 04, 2021 9:33am

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Post# 32469021

RE:RE:RE:Watch US natural gas storage reports

pointer wrote:

Oldnagger wrote: See celsiusenergy.net , unless the eia numbers prove otherwise, the estimated real time inventories are finally scheduled to fall below the prior years today. Quite an achievement considering one of the warmest winters on record in North America. Won't be much longer till inventories dip below the 5 year. After that not only higher nat gas will be needed to stem the continuing decline but also much higher WTI to bring back the associated gas production . That will require lots of time as PDP reserves have been severely depleted . Incredible to think how long it takes investors to wake up to these facts.!! perhaps by next winter when they turn up the thermometer and nothing happens they will start asking questions.

That is what most investors simply don't understand. A lot of US natural gas comes as a byproduct of oil production, especially in the shale. And with the lack of drilling, the very high depletion rates equates to a rapid loss of gas production.

Add in the drop in natural gas drilling, also in fields with high depletion rates, and you begin to get the idea. US production has been holding up, but only because of the completion of DUCs, and those are getting used up. That will continue to show up in the numbers.

Unless the US drills a lot of wells this summer, and completes them by fall, next winter could get very interesting.