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 > Not Advice / Just Calcs if you own 1,000 shares Today,

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Comment by LinusLinuson Aug 26, 2021 8:46am

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Post# 33766434

RE:RE:Not Advice / Just Calcs if you own 1,000 shares Today,

Thanks for walking people through this. I sold SCR and bough Penn right when this was announced. Bear in mind that the cash portion of the buy out is a "dead" value, with no upside. There is money to be made here as the rise in Penn will relect any rise in teh biusuness value of SCR after the amalgamation.

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