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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 filefishon Nov 08, 2023 5:50pm
159 Views
Post# 35724764

RE:RE:Share price

RE:RE:Share priceI think they are deeply concerned about the "market" value of WEF dropping by 25% since going public a month ago. It took years and billions of dollars of investment to build SCR into what it is today. Now, a 10% float of a very fickle base of shareholders determine swings in the share price. They are also concerned that uncontrollable market factors magnify the volitility, but that is out of their control, except to the extent they can hedge effectively. WEF is basing their Corp strategy on future acquisitions, leveraging a strong SCR share price. So they have to do something to prop up the price, now or later. 
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