Strathcona Resources Ltd 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 > Commentary from Credit Suisse

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Comment by Pacefaston Jun 23, 2021 4:31pm

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Post# 33436010

RE:Commentary from Credit Suisse

With respect to this article, it's bang on. The stock price doesn't factor in the advertising potential. Score has already proven they have advertising revenue. I own and operate an advertising company, we work directly with gaming, adult, dating, etc. Between affiliates and direct to consumer ads, the score will be the leader simply because their current platform has users that frequent it for news, and of course scores. By adding in the betting feature, users will now be online within the APP longer and more often. This creates traffic and "Impressions" which leads to both "clicks" and push traffic notifications. Add in features like Popunders, Overlays (you know those annoying pop ups). and their ad revenue will soar and that revenue can be used to acquire customers to the betting platform. They will attract more businesses who will buy ad traffic because the users are there and see these ads. People are short sighted, except these banks who understand the overall forecast and revenue streams

Dunworkin2 wrote:

Stocks linked to sports gambling, including Score Media and Gaming Inc. (SCR-T) and Bragg Gaming Group Inc. (BRAG-T), slid lower a day after big gains following the Senate’s approval of Bill C-218, a private member’s bill that amends Criminal Code provisions around gambling on single games — currently illegal except for horse racing — in a bid to win back customers from offshore sites, U.S. casinos and illegal bookmakers.

The upper chamber approved the bill Tuesday by a vote of 57-20. It now awaits royal assent to become law.

Conservative MP Kevin Waugh’s bill garnered renewed enthusiasm from legislators in all four main parties, and marks the third time a would-be law with the same goal has blazed a trail through Parliament — but never this far.

The bill passed the House with multi-party support in February.

Analysts at Credit Suisse said: “The biggest winner here, in our view, is SCR, which we think can generate 20-per-cent-plus share of OSB. While the stock is up materially over the last month, we think it still only captures a fraction of SCR’s long term potential.

Legalizing single game betting is also a positive for other B2C operators, such as DKNG, MGM, PENN, which will likely launch in the Ontario market as well. With a population of 14.6 million, Ontario is a larger market than any US state where private operators are live (PA has a population of appoximately 13m, and IL has a population of 12.8m).

Canada overall, we believe, is a $5-billion OSB/iGaming revenue opportunity, with Ontario first to allow private operators. Keep in mind SCR is not just an Ontario or Canada gaming play.

We think the media business is worth $4-5/share (Action network sold for 6 times revenue and we think other media assets are valued for the same or more), SCR has $4 of cash on the balance sheet, and SCR is also licensed in 14 states in the US. While still early, we think Canada legalization also has implications for the U.S., as SCR now has a cash flow engine to help it opportunistically gain share in the U.S..”