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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

Post by Huntamun1234on Feb 15, 2024 11:24am
305 Views
Post# 35881936

something cooking' ?

something cooking' ?
 -- Strathcona Resources Ltd. rose 7%. Trading
volume was double the average for this time of day.
* The shares increased to C$25.67, higher than any close since
Nov. 6, from C$23.98. 
* The stock was the best performer among its peers.
* The Canada S&P/TSX rose 0.9%. 


Market Metrics


* Trading volume was 25,285 shares, double the 20-day average of
12,212 shares for this time of day. 
* Of shares that were traded, 47% were at the ask price and 18%
were at the bid.


Market Insights


* Stock declined 14% in the past 52 weeks. The Canada S&P/TSX
gained 1.8%. 
* The shares are up 13% in the past five days and rose 8.5% in
the past 30 days. 
* Short interest was equal to 9.9 days of average trading
volume. In the previous two years, the short-interest ratio
ranged from 4.3 days to 12 days. Shares sold short amount to 3%
of float. 


Analyst Activity


* Analysts have three buy, four hold, and no sell
recommendations on the stock.
* The consensus rating is 3.9, on a 1-5 scale with 1 meaning
strong sell and 5 meaning strong buy.
* The price target of C$30 represents a 17% increase from the
last price
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