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 > TD has a hold.....$34

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Post by Huntamun1234on Oct 31, 2023 9:06am

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Post# 35708874

TD has a hold.....$34

STHRF: Strathcona Resources initiated with a Hold at TD Securities

TD Securities analyst Menno Hulshof initiated coverage of Strathcona Resources
with a Hold rating and C$34 price target. Strathcona is a "differentiated as a
diversified, high-growth story that checks the box on scale as the seventh
largest Canadian producer," the analyst tells investors in a research note.
The firm notes that the company carries marginally higher than average balance
sheet leverage.

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