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Bullboard - Stock Discussion Forum 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, 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... see more

TSX:SCR - Post Discussion

View:
Post by uwebb429 on Oct 05, 2023 11:06am

Quotes

Some crappy sites like my CIBC Edge account does not show a quote or allow trading of SCR yet. The TMX site is my plan B for quotes. 

https://money.tmx.com/en/quote/SCR/trade-history

The great re-rating has begun. From the equivalent of $40 on July 31 before the take over was announced to trading in the $29 to $30 range so far today.

I drank the blue Strathcona Kool-Aid. Now I feel sick. I guess this will be a LONG term hold before I ever break even.
Comment by Menace46 on Oct 05, 2023 11:20am
I can see the quote but my shares held in RBC accounts are still showing as PIPE shares, also unable to trade them. RBC said it could be 7-10 days.
Comment by Vesuvious on Oct 05, 2023 11:33am
FIDELITY is the same problem but they told me my account should reflect Strathcona in my account within 2 days. Hope it keeps rising. Nice to see green for a change.
Comment by TimeBuilder on Oct 05, 2023 11:49am
Same with TDWBDI    ;>O
Comment by bobsomething on Oct 05, 2023 11:49am
I called RBC also, but they said in a couple of days. Why woukd they tell you  7-10 business days, that's almost two weeks. In my case, they said if I want to sell my PIPE shares before they are automaticly converted then I would have to call them, and an agent would do it manually. I guess I will wait. I'm sure thisbis happening in other trading accounts.
Comment by PabloLafortune on Oct 05, 2023 12:06pm
The irony is SCR is what, 30% natural gas and NGLs (excl condensate)? If oil stays flat and natgas rises - which IMO it has to because at current prices a significant portion of the US natgas producers are losing money - SCR will outperform (relatively speaking) its heavy oil peers on the back of something viewed as almost worthless valuation wise...LOL All things considered, this $1.90 PIPE ...more  
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