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 > Correction copy from PR

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Comment by BudFoxx2020on Aug 24, 2021 10:06am

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Post# 33754278

RE: Correction copy from PR

Hi TB. It should close around September or October, very soon. I am pretty sure they are referring to SCR Q1 2022 which is August, September and October. I can't see them referring to PENN 1Q2022 because that will be another 9 months. Just not possible to take that long. Hope that helps. As for SCR, like I said this is dead money, the share price will eventually settle around the $43 takeover price. All the smart money already left the board. Only the two clowns remain trying to one up each other talking about their imaginary trades. Lol. Cheers all. Good luck in the markets.