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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: 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

Comment by Huntamun1234on Apr 06, 2024 10:31am
125 Views
Post# 35974715

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

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

Very much elated in the most recent movement in the stock ! Trying to decipher if SCR was oversold to begin with, and its just catching up to where it should have been priced all along. That said, WTI has appreciated quite abit in the last few weeks. Wondering where Riverstone and GMT stand regarding their positions ? Obviously, if they're still long, it would be a very positive sign. Historically, analysts are talking their position in their stock projections, and listed below are several of these. You'll notice that currently we've already surpassed many of their expectations.


Firm.... Analyst Recommendation... Tgt.... Px... Date  
 
1) TD Cowen.... Menno Hulshof.... hold... 29... 04/02/24  
2) BMO Capital Markets.... Randy J Ollenberger ...market perform...33...4/1/24
3) Scotiabank.... Jason Bouvier.... sector outperform... 32.... 04/01/24 
4) RBC Capital ....Greg M Pardy ....sector perform.... 31.... 03/27/24  
5) Jefferies..... Anthony Linton.... hold ....26.... 03/27/24  
6) Peters & Co..... christian comeau.... sector perform.... 30....3/27/24  
7) ATB Capital Markets… Patrick J O'Rourke.....outperform... 31...03/27/24  
8) CIBC Capital Markets.... Dennis Fong ....outperform..... 35.... 01/15/24

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