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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 CashFlowADayon Feb 13, 2024 11:02am
282 Views
Post# 35877582

RE:RE:RE:RE:Exciting times ahead for SCR.

RE:RE:RE:RE:Exciting times ahead for SCR.

Step 1.  Get Debt down to $2.5B + Retire $150m in derivatives.  - Will be acheived in the Spring. 

 

Step 2.  Shareholder return plan to drive the share price up. 

 

Step 3:  Strategic acquisition with shares that increases float and fits into company direction.

 

Step 4: Win.

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