Strathcona Resources Ltd STHRF

Primary Symbol: T.SCR

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: Lloydminster Heavy Oil, Cold Lake Thermal and Montney Gas. The Lloydminster Heavy Oil 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. The Company 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 steam-assisted gravity drainage (SAGD) oil assets. Its Montney development is an active region 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!

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Comment by uwebb429on Apr 07, 2024 1:27pm

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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.

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