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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 Pacefaston Feb 25, 2021 4:15pm
250 Views
Post# 32660990

Private Placement - Score

Private Placement - Score I think we tend to guess a lot. Some are here with good intentions and some not.  In the end from my limited knowledge of private placements, I've seen a stock trade within the same number that the placement is set.  At $27 USD you can't imagine this spiking until that placement is closed. Common sense sells me that when you put a placement at $27 USD/share and about to raise $180 Million. There will be many backers supporting the stock at that level when the placement closes.  I hope it closes within the next week or so, this way we can see the prices correct to where they should be.  I wouldn't doubt for a second this thing doesn't head back to $50 Canadian or more soon after.  I bought pre 10-1 split at about $2 range and will not sell. It's tough to watch but logic tells me that it will be right.   In the end this play is sports betting, and we know that it's coming to Canada.  
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