Strathcona Resources Ltd V.SCR

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, 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.

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Strathcona Resources Ltd > PENN

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Comment by Apollo6666on Mar 14, 2021 11:56am

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Post# 32794912

RE:RE:PENN

The S&P 500 is betting on Penn National Gaming Inc. and Caesar’s Entertainment Inc. amid increasing legalization of sports betting in the U.S.

Penn PENN and Caesar’s CZR were announced as incoming members of the S&P 500 index SPX Friday afternoon, along with semiconductor manufacturer NXP Semiconductors NV NXPI and Generac Holdings Inc. GNRC, which sells equipment used to generate power. Flowserve Corp. FLS, SL Green Realty Corp. SLG, Xerox Holdings Corp. XRX and Vontier Corp VNT will drop down to the S&P MidCap 400 to make room. The changes are scheduled to take place before the start of trading on March 22.

Penn has seen its stock rise nearly 750% in the past year amid further legalization of sports betting and its investment in popular sports website Barstool. Penn is using Barstool’s branding on its sports-gambling platform, which competes with Flutter Entertainment PLC FLTR , DraftKings DKNG ,William Hill WMH , Caesar’s and others as U.S. states legalize sports gambling. Michigan became the 15th state to allow online sports gambling earlier this year.

Nice, bodes well for entire sector
DYODD