Bullboard - Stock Discussion Forum Strathcona Resources Ltd T.SCR

Alternate Symbol(s): STHRF

Energy Oil & Gas E&P

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

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Strathcona Resources Ltd > Massive dividends coming in Q2. And share buybacks too

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Post by askQuestions1 on Nov 14, 2023 1:10pm

Massive dividends coming in Q2. And share buybacks too

Next year $1 billion of free cashflow and nearly all of that will be returned to shareholders as soon as debt target of $2.5 billion is met. That is probably in Q2 of next year. Will be via base dividend and special dividends

If stock price is still at these levels then they will also do some share buybacks. That would be basically pointless as they would not be able to buy even 1% of the float without pushing the stock price up a lot.

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