Strathcona Resources Ltd T.SCR

New board but same stench....

[mrmomo]

Well, it looks like Larry & Curly already beat me to the punch and have posted there usual dribble again. Now i'm just waiting for Moe to show up so he too can post bad his worhtless 2 cents regarding this company.

As i've decided to "reluctantly: take overvalued Strath paper, temporarily, so i don't take a loss on thi for the time being, be it a small loss, it seems i wil stick aorund for a little longer than expected. As tihs is a NEW company iwth a NEW forum, i will not be "technically" breaking my promise to never post on the Piprstone forum ever again. So to START THINGS OFF......

Let's take a closer look at this "Insightful" & overlooked comparison. Just so people KNOW how badly this company was managed, preforme, go taken out & thrown ot the wolves for peanuts........

As you all know, back in 2020, during the REAL low period for these O&G operators, Pipstone hit a low of about 0.50, which is around where i got in the FIRST time. I eventually sold around $1 (under) and made a decent return in a few short months. Today the stock is trrading at !$1.90. So any NEW buyer who came in at those levels, would have come out a champ & winner. BUT as that is all fine & dandy, what most folks don't know, is what its peers did and where they are tring TODAY.

For this i will take it's closest peer company in terms of location & production. And here i will take Nuvista. Bakc in 2020, Nuvista, which i also bought & traded several times during that time, hit a low of about 0.25 during the time Pipstone bottomed around 0.50. But as you all can see or are aware of, Nuvista has gone from THAT low to $12. A return of 5000%. Wheras Pipstone only returned a platry 300% in that same time period.

So whats the morale of the story here? The morale is that even tohugh you invest in the same product DONT expect the same results! As there are a lot of factors that come into play, as we've all experineced that with the unfurtunate demise & fate of Pipstone. Because in my case, even though i've been calling Pipe to be taken since that 2020 period, and i was totally iright & vindicated, the investment the second time aorunf was NOT the best move to make. As it was the case for those who bought into Pipe in 2020 and held on all this time.

So now Pipe jojns thr sohrt list of companies that I EXPECTED to be tkane over, boughtout nad their only remains TWO on that list that still havent, but i FULLY expect them ot be also in the coming 24 months. Those who i predicted to get TO'd, and stated on SH they would, was Painted, Pony, Storm, Leucrotta, now Pipstone & TWO OTHERS.....I expect one more in at least the next 6 months. And i will mention that this is none other than Nuvista. I won't mention the last one.

So depending HOW StrathCona trades in the coming weeks, i will make my contributions on here from time to time. I don't expect to be in this for the long haul, but for now this is what i decided was the best course of action. My overall invesmtent here is small, so no biggy for me. But for some, it may be significant & material in the ROI they recieve or opportunity costs suffered. I also FULLY expect the "manipulation" by the insiders & MM's to continue in StrathCona stock, just as it has been for Pipestone over the last year. So this won't move up UNLESS THEY want it to. So just be fully aware of that fact.....

Btw, one last not, the choice in the ticker itself. When i first saw it, i burst into laughter but also shed a tear. Why? Because THAT ticker SCR has ALMOST the same goddamn letters, ALMOST to a tee of another garbage stock which i trashed over the last few years. And that was SCRN and you guys can look up the sad sotry behind that mess, if oyu have the time ot spare......thankfully i wasn't an unfortunate s/h in THAT comapny... BUT if this isn't a sign from above or a BIG RED FLAG, then i don;t know WTF is.....

GLTA

[Bosoxpj]

Welcome back Moe. We missed you!

[tylerreddick]

You just displayed a whole new meaning for the word "stench".