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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 filefishon Oct 25, 2023 2:07pm
182 Views
Post# 35700566

SCR price decline

SCR price declineIm sure WEF is concerned about the steady decline in the share price. They had to have anticipated selling from unhappy PIPE holders and hoped there would be new ones to jump on board. Hasnt been the case up to now. Unfortunately they are in a quiet period and cannot purchase shares or promote the Company. I think this may be creating the opportunity to buy SCR on the cheap.
However, the dog and pony show on Nov 14 better be a good one.
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