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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 RetailInvestor9on Jun 25, 2021 2:05pm
238 Views
Post# 33451350

RE:Comparing Bill C-218 with Bill C-45.

RE:Comparing Bill C-218 with Bill C-45.@Budfoxx - I agree with you on how this seems to have played out and I am guessing we are yet find the bottom on this..I thought (yesterday) it would be around $26 but looks like it's going to be lower or may be not..next few days should tell us that story... ....Also in terms of investment strategy I believe it should be "to each their own"...even I had the urge to follow my usual practice of selling half my holdings at 32$ (a good 60% returns in 3-4 weeks on a sizable principal investment) but I didn't, cos like you said I also believed it will go further up and I am still very sure it will (unless there are any black swan events)......if you look at options on nasdaq they are still screaming it will be over $30 US in the near term.....In hind sight it's always 20-20 so one can never be sure...also you just play by the rules that you set-up and play within framework..... Also I disagree with you on this not being tree shaking and/or retail cashing out on news... ..if anything its a combination of the two....I think this will bottom out when the Vols start to dry and looking at today (may be next couple of days) we should start seeing this move up slowly...these are just algorithms playing the price and eventually they will start the uptrend...MMs who invested at 14 and 27 USD still need to make their recoveries (some may have done this in the feb run up but there are other that haven't)...its only a matter of time when that starts....from a business initiative perspective I think Levy is giving them all the impetus to do so....so let's see how this plays out...glta
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