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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Comment by Seppelton Nov 03, 2023 3:06pm

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Post# 35716408

RE:RE:TD has a hold.....$34

Great advice, TD. I am Holding, and I bought more today.

For those who know how to use a calculator. Take MEG which is roughly producing the same volumes of bitumen as combined SCR heavy Lloyd and Cold Lake. Write down its EV from the latest presentation or calculate your own.
Then take NVA producing about same volumes as SCR Montney. Estimate its EV.

Add both EV numbers, minus $2.9 billion (SCR debt) and then divide by 215 million. With all the contingencies and conservative assumptions, the number will be higher than the current market price.

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