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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 Mar 04, 2021 1:49pm
234 Views
Post# 32716647

Price today.

Price today. All my personal opinion.   The price today is no different than losing .40-.60 as share before the 10-1 split.  Did I like the split?, no.   But here is the thing.  This stock shot up like a rocket.  The split was done for a reaon, my guess was to lower the outstanding shares and give them an easier target to buy it all when the stock is $25-$35 a share and offered $50-$60 to take it over.  Let's not forget the $183,000,0000 fully closed placement.  If that was to happen in the next couple months, they would get a nice company that also has cash on hand.   Also, last point.  People don't buy into a placement and close it in the matter of hours for a total of $183 MILLION just to watch a stock lose value and be worth less than the placement cost.  Let that part sink in.  
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