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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 carterZ21on Feb 19, 2021 4:16pm
405 Views
Post# 32612899

Not Exactly

Not Exactlythe trading day I had expected the day after the C-218 news! Down over 11%. Perhaps short-term traders dumped believing that no real catalysts are upcoming in the near term.

Having the stock take a bit of a breather after the incredible run since November of 2020 shouldn't worry anyone IMHO. I believe some pullbacks along the way serve to build stronger bases for the next leg up. The bright future for this company and its' prospects haven't changed. The revenue generation potential will be enormous. They are the best positioned company in the space in Canada and have been steadily developing a footprint in the US as announced recently. 

I will not sell one share prior to legalization and BTW putting that annoying Noobs on ignore!
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