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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 BudFoxx2020on Feb 19, 2021 11:37am
191 Views
Post# 32609823

RE:Trading

RE:Trading

I posted this yesterday.  Saw the same question so many times yesterday.  Start reading people.   Scotia is pretty bad,  I have Scotia, if it was not for thier flight desk platform I would have left them already.  What surprised me was, they are locking up shares from yesterday too.  I added some shares for trading yesterday and it would not let me sell them as well.  They are not suppose to restrict anything bought yesterday.  Scotia is just terrible.  Lol.  Anyways there is no problems buying but if someone wants to sell you will have to call them that's the only way.  Or just wait, it will be cleared by end of day or Tuesday at latest.  The committee meeting is set for Tuesday.  It's nothing special, the third reading would be the next big catalyst.  If it was not for this 1:10 split we would be comfortably sitting at $6-$7 share price.  Lot of new Investors have no clue how split works and the lock on selling is further confusing them.  They are panicking they can't sell and the first thing they will do as the restriction is lifted is sell because they have no understanding what is going on.  Anyways we are about 3 months away to full legalization probably around May.  This new share price will kill the volume, not eveyone can afford a $50 stock.  So we are going to need big players to jump in.  I am 100% sure we will hear about dilution pretty soon before full legalization.  So invest and trade accordingly.  We are pretty much priced in the $40 to $60 range till the 3rd reading.  And  Ofcourse I could be completely wrong.  Cheers, good luck all.  




BudFoxx2020 wrote: This happens when there is a split or roll over.  Anyone holding shares will not be able to sell through a web broker.  You will have to physically call them to sell.  Depending on the broker, it can take a day or 3 days to settle.   Cheers.

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