Strathcona Resources Ltd T.SCR

Middle East in turmoil again

[tylerreddick]

Oil up $4, and could go higher.
This isn't going to end anytime soon.
What a mess, and so pointless.

[uwebb429]

Many similar Canadian oil focused companies that also trade in New York are up 4% or 5% today. Canadian Natural is up 6%. It will be interesting tomorrow to see if Strathcona starts trading like the heavy oil company it is or if it continues to trade like its PIPE roots; a beat up and beat down natural gas company. Strathcona management needs to start selling Canada's 5th largest oil company

[Oldnagger]

According to the SEDI listing for Pipestone on Stockhouse , it seems that most of the management and GMT have cleaned out their holdings . Does this not bother anyone ? https://stockhouse.com/companies/insiders?symbol=t.scr

[tylerreddick]

GMT sold a tiny fraction of their holdings. But yes, it does look like all of the management rats did jump ship.

[tylerreddick]

Noticed that there was no price on any of the shares sold by "management". Did those pieces of trash get the $2.72/share that the "deal" was based on?  If so, that just makes this backroom deal stink even more.