Professional
Added to YB: 2024-09-27
Pitch date: 2024-09-26
SCR.TO [bullish]
Strathcona Resources Ltd.
+61.97%
current return
Author Info
Nugget Capital Partners is a research analyst specializing in resources w/ focus on energy. Sign up for the newsletter.
Company Info
Strathcona Resources Ltd. acquires, explores, develops, and produces petroleum and natural gas reserves in Canada.
Market Cap
CAD 7.9B
Pitch Price
CAD 25.89
Price Target
N/A
Dividend
3.26%
EV/EBITDA
5.41
P/E
12.33
EV/Sales
2.17
Sector
Oil, Gas and Consumable Fuels
Category
growth
Why NCP is upping energy exposure: Strathcona Resources Ltd.
SCR.TO: NCP upped stake in sell-off. Bullish on Strathcona; illiquid structure makes dips buying opps. Unlike peers, naturally hedged against condensate differential tightening & rising nat gas prices. Expect gas inventory normalization in US to boost prices in 6-12 months.
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