Strathcona Resources Ltd. (T:SCR)
Business Focus: Oil & Gas Exploration and Production (NEC)
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | 1900 421 7 Avenue SW CALGARY AB T2P 4K9 |
| Tel: | N/A |
| Website: | https://www.strathconaresources.com |
| IR: | See website |
| Key People | ||
| Craig F. Nieboer Chief Financial Officer | Dustin Lee Hoffman Chief Operating Officer | Daniel Van Kessel Vice President - Corporate Development | Alyson Goldman Corporate Secretary |
| Business Overview |
| 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. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Strathcona Resources Ltd revenues increased from C$609.9M to C$4.24B. Net income increased from C$220.1M to C$587.2M. Revenues reflect Oil Equivalent Production (Units/day) - increase from 31K to 155K barrels per day, Oil and natural gas revenues increase from C$723.8M to C$4.75B. Net income was partially offset by Exploration & Development Costs - Total increase from C$2.4M to C$1.02B. |
| Employees: | 727 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $9,605M as of Dec 31, 2023 |
| Annual revenue (TTM): | $4,308M as of Dec 31, 2023 |
| EBITDA (TTM): | $1,833M as of Dec 31, 2023 |
| Net annual income (TTM): | $587.20M as of Dec 31, 2023 |
| Free cash flow (TTM): | $481.11M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $3,071M as of Dec 31, 2023 |
| Shares outstanding: | 214,200,000 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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