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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 BudFoxx2020on Jul 08, 2021 12:30pm
113 Views
Post# 33514997

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

RE:RE:Comparing Bill C-218 with Bill C-45.@ Retail, thanks for the acknowledgement, I do spend a lot of time on reseach and DD.  Unfortunately our government is very slow.  They need to set an official date for when single game betting is legally allowed.   Otherwise all these companies just sit in limbo.  Like I have mentioned, I think Sept or October timeline sounds about right before we see any single game sports betting.  It fits the narrative.  One thing I want to mention is my estimate might be on the high side.  I forgot to factor in that we already have gambling in Canada, we are just changing one rule.  Where as to the Mirijuana sector, it was completely new.  My new estimate for SCR would probably be in the $40 - $50 range premium, only if they get a deal or partnership.  I could be completely wrong but this to me makes more sense.  The only concern I have with SCR is, if they announce another dilution without a deal or partner, then watch out below.  I call it as I see it.  This is why always have stop losses.  Cheers.


p.s.   I worry that the general markets are showing signs of slowing down.  Inflation, Opec, China crackdown, Bitcoin crack down, etc.  Its just not the best time to be long in the markets.  Ofcouse I have been a bear for a while and have got it wrong so many times.  Hopefully I get it right one day.  Lol.  
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