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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 uwebb429on Oct 25, 2023 4:01pm
125 Views
Post# 35700826

RE:SCR price decline

RE:SCR price declineWhy would WEF be concerned? They just successfully pulled off the heist of a successful company (PIPE) at a fantastic price. A new source of condensate for their heavy oil operations is just what they were looking for.

WEF management either have their feet up on their desk, contemplating who will be next or they are still out having another big lunch, celebrating what they have accomplished. SCR has not even been trading for a month yet and already there is panic? I don't think so. It is still very early days.  

Daily trading volume has been extremely low so far. It will probably take a couple of quarters of strong results before SCR gets much of a following.

and cannot purchase shares or promote the Company

Not true. Insiders have already been buying shares and Strathcona presented at Josef Schachter's Catch the Energy conference on Oct 14th at Mount Royal University. 

https://gravitypull.swoogo.com/catchtheenergyconference2023/3309311
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