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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: 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.


TSX:SCR - Post by User

Post by askQuestions1on Nov 14, 2023 1:10pm
241 Views
Post# 35734787

Massive dividends coming in Q2. And share buybacks too

Massive dividends coming in Q2. And share buybacks too Next year $1 billion of free cashflow and nearly all of that will be returned to shareholders as soon as debt target of $2.5 billion is met.  That is probably in Q2 of next year.   Will be via base dividend and special dividends

If stock price is still at these levels then they will also do some share buybacks.  That would be basically pointless as they would not be able to buy even 1% of the float without pushing the stock price up a lot.
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