Strathcona Resources Ltd 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 > Share ownership profile?

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Comment by tylerreddickon Oct 16, 2023 8:36am

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Post# 35684947

RE:RE:RE:Share ownership profile?

I guess we will find out when Strathcona files their first public quarterly report.

There is no doubt whatsoever that PIPE shareholders got screwed, royally, but with SCR trading below $30, it does appear to be a reasonable investment going forward for anyone who expects the price of oil to remain strong. And the nat gas and condensate that Watrous "stole" from PIPE, that should add a lot of value as well. JMO

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