Public market insider buying at Strathcona Resources (SCR)

Public market insider buying at Strathcona Resources (T:SCR)

Scott Seipert, a Senior Officer, acquired 10,000 Common Shares on a direct ownership basis at a price of $28.576 on March 28th, 2024. This represents a $285,757 investment into the company's shares and an account share holdings change of 46.3%.

Navjeet Dhillon, a Director, acquired 6,170 Common Shares on a direct ownership basis at a price of $28.507 on March 28th, 2024. This represents a $175,886 investment into the company's shares and an account share holdings change of greater than 100%.

Strathcona Resources is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

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 primarily located in southwest Saskatchewan. Its Saskatchewan thermal properties rely on the same steam-assisted gravity drainage (SAGD) processes as its Cold Lake Thermal properties. The Company is a producer in the Cold Lake region of Alberta. Its operations include thermal oil producing assets at Lindbergh, Orion and Tucker, with production from steam-assisted gravity drainage (SAGD) oil assets. Its Montney development is an active region in the Montney basin, the condensate-rich Kakwa, Grande Prairie, and Groundbirch regions, and produces liquids-rich gas. Strathcona Resources Ltd. (SCR) has a high amount of executive buying compared to its large-cap peers in the market over the past three months. According to regulatory filings yesterday, two insiders have invested a total amount of $461,643.