Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 retiredcfon Mar 23, 2021 12:21pm
266 Views
Post# 32858466

Credit Suisse Initiate Coverage

Credit Suisse Initiate CoverageWith an even better target. Just added a few more once we dropped back below $36.00. GLTA

Score Media and Gaming Inc.should be a leader in Canada, according to Credit Suisse analyst Benjamin Chaiken, who also sees “a reasonable case for the company to increase its share in the U.S., neither of which at present we believe is fully reflected in the stock.”

In a research note released Tuesday, he initiated coverage with an “outperform” rating.

“Our Outperform rating is based on the following factors: (1) SCR should be in a leadership position in Canada. We think that the Canadian sports betting total addressable market could reach $4-7-billion, and given SCR is one of the most well-known media brands in the country, we think it has the ability to capture 20-per-cent-plus share in OSB and 5-10-per-cent share in iGaming, representing a potential $500-900-million revenue opportunity; (2) SCR should have lower CAC vs peers in Canada. We believe SCR can leverage its media arm to create a very efficient customer acquisition process, essentially onboarding through the low cost media app and transitioning to OSB/iGaming; (3) We think SCR should have better margins vs peers in Canada, potentially 35 per cent-plus in Canada at maturity, with no land-based casino partner requirements and lower external marketing costs than peers, leveraging its media arm/brand and existing market penetration; and (4) the company is also part of the fast-growing OSB and iGaming market in the United States (with market access in 13 states), and should increase share leveraging the media app for low cost customers acquisition, strong retention, and an integrated betting/media experience which is not widely available,” said Mr. Chaiken.

He set a target of US$49 per share. The average is $29.25 (Canadian).

<< Previous
Bullboard Posts
Next >>