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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: 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... see more

TSX:SCR - Post Discussion

Strathcona Resources Ltd > What Strathcona got
View:
Post by Energyuser on Oct 16, 2023 1:29pm

What Strathcona got

What they really got was PIPE's free cash, just flowing in, with low debt. It will pay down Strath's debt, but not come out to the little shareholders. Just a big benefit to Watrous. Years until the share price grows.
I said last month we 'd get $28, somebody else said, oh no, we'd trade at $33. I offered my shares then at that price... silence
And now... looking like $28 coming.
Comment by tylerreddick on Oct 16, 2023 7:31pm
Once all of the pizzed off PIPE shareholders who want to sell have done so, SCR might surprise some people.
Comment by Energyuser on Oct 17, 2023 3:29pm
Think you'll live long enough?
Comment by uncutgems on Oct 18, 2023 11:35am
pipe was just a fast way for waterous to go public. it;s around 10% of the total cash flow if that. pipe shareholders took the pipe. that's Alberta for yahhh....if you aint in the old boys club you are out.
Comment by filefish on Oct 18, 2023 11:48am
Strathcona seems to epitomize the "old boys club". They got the money too. I am on board with  STRHF.
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