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 > Finally a reply from Strathcona

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Comment by uncutgemson Oct 30, 2023 3:02pm

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Post# 35707802

RE:RE:RE:RE:RE:Finally a reply from Strathcona

Seppelt wrote:
It was the management of Pipestone who wrote in its circular how fractional shares will be handled. They've been a public company long enough to understand how it's normally done. For instance. that it would be unfair to shareholders with .49 fraction vs .50 who would gain an extra share. Not sure if the management of Strathcona had a big say in this but paying fractions in cash makes more sense.
Regardless, the matter is closed and it's time to focus on the new company and forget the past.

putting that language in the circular was amatuerish at best. At worst it was malicious and dangerous. These people were bunglers every step of the way. Failing "up".

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