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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 Piper2021on Nov 16, 2023 7:19pm
240 Views
Post# 35740303

RE:The Watrous reputation

RE:The Watrous reputationShare prices keep falling for other oil and gas companies as well. For example Spartan Delta has been hammered down since it sold assets to Crescent Point. It sure seems that there is something fishy going on in the energy stocks. Spartan is managed very well and is almost dept free and has good free cash flow yet the share price still falls. I understand the anger put towards these companies but with all these option and day traders and investment companies manipulating the share prices to benefit their short sightedness this is what happens. No longer can anyone rely on a companies fundamentals to predict their future, the stock markets have become casinos. I own shares in a few different energy plays including this one.Good luck with your bets. 
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