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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 5:02pm
148 Views
Post# 33518796

RE:RE:RE:RE:Soon as it gets near break even

RE:RE:RE:RE:Soon as it gets near break even

Braggs2 wrote: why is the Q going to be bad?? what is your insight on this??


Hi Bragg, SCR has a long history of bad earnings.  Nothing has changed and especially now with everything going on their expense is going to be bigger.  You don't play SCR for the financials, you play it for the potentials.  I really hope they have strong subscribers numbers and hopefully they have captured more players down south.  That's what the markets will be looking for and how Levy will move ahead with Bill C-218 being passed.  Lots of potential.  

Another strong indication of bad earnings is the way the stock is moving even with Bill C-218 being passed.  Traders, insiders, investors, etc are all selling into earnings.  This is why the share price is tanking, not because of some manipulation like the clowns thinks.  The numbers never lie.  The only positive I can see is, when the Q drops it willl be baked into the share price.  Cheers, and of course I could be completely wrong.  
 

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