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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
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Post by montruson May 17, 2024 12:27pm
244 Views
Post# 36045711

A record $5.95 MM paid for Montney section 34-69-7 ....Wow!

A record $5.95 MM paid for Montney section 34-69-7 ....Wow!And sits beside 3 sections that sold for close to $12 MM just 18 months ago.  Any idea who the buyer is?  CNQ would not pay that; doubt is SCR.....the obvious assumption has to be NVA; but I've been wrong before.
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Dealroom for high-potential pre-IPO opportunities