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Strathcona Resources Ltd 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 Pacefaston May 13, 2021 2:32pm
214 Views
Post# 33196037

RE:RE:RE:RE:RE:RE:big players are selling... they prepare to acquire others?!!

RE:RE:RE:RE:RE:RE:big players are selling... they prepare to acquire others?!!That is what I meant. Glad we didn't fight over it. Lol

I do think regardless how big or small gaming market is in Canada. Score could be in a good position. Will they be $50 again, I really have my doubts when the big boys are trading in that range. However their market cap isn't much, so a swing could happen for them.  Again, the possibility of raising more funds at a discount and of course selling out at a discount.  These guys have done it before, and no doubt in my eyes that their plan was to do the same here. Sell the company.  Maybe the price on the table was far less than the $50 a share and they are watching it tumble for the exit on purpose. Wouldn't surprise me one bit.  
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