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: Lloydminster Heavy Oil, Cold Lake Thermal and Montney Gas. The Lloydminster Heavy Oil 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. The Company 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 steam-assisted gravity drainage (SAGD) oil assets. Its Montney development is an active region 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 > SCR Has NO CASH & CONCERNING $ 521.8M Term Credit Facility

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Comment by Seppelton Nov 14, 2023 10:56am

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Post# 35734347

RE:SCR Has NO CASH & CONCERNING $ 521.8M Term Credit Facility

There is plenty of liquidity. The Revolving credit facility was recently expanded to $2.3B vs $1.6B drawn. Plus the co clearly said in its Q3 report: "The Company ... is on track to repay its bank term loan by the end of February 2024."

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