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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

Post by pierrelebelon Oct 12, 2023 11:52am
291 Views
Post# 35680667

Finally a reply from Strathcona

Finally a reply from Strathcona
Three days later:

"Regarding fractional shares, Pipestone’s management information circular dated August 25, 2023 states “in calculating such fractional interests, all Pipestone Shares registered in the name of or beneficially held by such holder thereof or their nominee shall be aggregated.” Beneficial owners are aggregated through CDS (Clearing Depositary Services) and therefore paid as one holder. Any further rounding is between CDS and the brokers, and ultimately up to the brokers on how they allocate the shares to their underlying clients. We encourage you to contact your broker for any discrepancies resulting from their allocations."

Frankly that sounds like BS to me. Pass the buck when you do not know how to correct a problem.


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