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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

Comment by Petieboyon Apr 28, 2021 1:12pm
98 Views
Post# 33083370

RE:What’s the reason for this downfall from $50+?

RE:What’s the reason for this downfall from $50+?I think people see that the stock is coming back to the real valuation calculation which I read is 16.78.  The people that bought in early have been selling to take their profits and will jump back in. People that are losing money that bought in high are getting taken out at their stops. They're aren't enough buyers now except for funds and people who hold long term. And they're buying them cheap right now. If the Bill actually passes the analysts say it could be a 10.00 to 20.00 increase over the next few years. So if you can wait you will make money. Otherwise trade it. 
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