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 > Onward movement

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Post by Huntamun1234 on Feb 01, 2024 9:11am

Onward movement

Strathcona Resources Rated New Outperform at ATB Capital
2024-02-01 00:51:06.833 GMT

ATB Capital initiated coverage of Strathcona
Resources Ltd. with a recommendation of outperform.
* PT set to C$31, implies a 31% increase from last price.

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Comment by uwebb429 on Feb 01, 2024 11:59am

Touting its “low decline, long life heavy oil asset base supplemented by complimentary Montney assets,” ATB Capital Markets analyst Patrick O’Rourke initiated coverage of Strathcona Resources Ltd. with an “outperform” recommendation. “The appeal of Strathcona’s upstream assets and business operations is demonstrated by its low corporate decline and long 2P reserve-life index of 38 ...more

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Comment by Razbury on Feb 01, 2024 3:30pm

Thanks for all of the informatiuon you just posted. It's been kind of hard to find encouraging news on this deal in a while. Maybe I can stop the self-flaggelation for not getting out entirely when it peaked. Haha!

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Strathcona Resources Ltd