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Strathcona Resources Ltd 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 PabloLafortuneon Oct 05, 2023 12:06pm
154 Views
Post# 35671217

RE:Quotes

RE:QuotesThe irony is SCR is what, 30% natural gas and NGLs (excl condensate)? If oil stays flat and natgas rises - which IMO it has to because at current prices a significant portion of the US natgas producers are losing money - SCR will outperform (relatively speaking) its heavy oil peers on the back of something viewed as almost worthless valuation wise...LOL

All things considered, this $1.90 PIPE share price was totally overdone - should we expect any less from these markets? - I'm hoping for 20%+ within 60 days. Good Luck to all. PS - my opinion, like natural gas, is worthless.
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