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.

TSX:SCR - Post by User

Strathcona Resources Ltd > SCR up over 48% in the past 3 months...WOW!

<< Previous

Bullboard Posts

Next >>

Comment by uwebb429on Apr 07, 2024 1:27pm

164 Views

Post# 35975633

RE:SCR up over 48% in the past 3 months...WOW!

SCR was up +16.2% last week.

https://boereport.com/2024/04/05/week-in-review-stock-gainers-fallers-and-most-read-articles-53/

SCR has not outperformed "most stocks" in the sector this year. SCR has outperformed ALL major companies that are in the TSX Energy Capped Index.

https://www.theglobeandmail.com/investing/markets/indices/TTEN/components/

SCR is still getting caught up to where PIPE was trading at last year. $86 WTI and $73 WCS will help speed up debt repayment. There is still more upside possible when their debt target is reached, summer driving season begins and a regular dividend is announced all at about the same time.

<< Previous

Bullboard Posts

Next >>

Here are three global stocks you should watch