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 > $525 mil term loan due

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Post by filefishon Feb 03, 2024 10:18am

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Post# 35861048

$525 mil term loan due

SCR has a $525 mil term loan due this month. Will they pay off part or all of it with their line of credit, cash on hand, float some Waterous SCR shares held? Or will they refinance with a new term loan? They need to reduce debt as a top priority and I heard someone say on the last conference call that they were going to pay off thIs term loan. It would be nice to get 525 mil off the liabilities side of the books, but I dont understand how they can do it.

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