Strathcona Resources (SCR.TO)
Financials 
Technical Analysis 
Jun 3, 2026, 12:00 amThis summary was created by AI, based on 14 opinions in the last 12 months.
Strathcona Resources (SCR-TO) is viewed as a compelling investment within the energy sector, particularly for those bullish on oil. Experts highlight its potential for significant growth, projecting a 45% increase in production over the next four years, along with the ability to generate excess free cash flow of $900 million at $80 oil, which could lead to attractive special dividends. Despite recent price volatility, primarily due to a substantial dividend payout, analysts remain positive, indicating strong asset fundamentals and a solid balance sheet with low debt. However, some concerns arise about asset quality compared to peers and the implications of a recent failed takeover of MEG. Overall, SCR is considered a strong choice for increasing energy exposure, with an anticipated upward trajectory influenced by rising oil prices and a favorable market outlook.
(Note the short timeframe.) The big dip in the chart is because it paid out a $10 dividend. Really likes it, still holding.
Tim ReganDepends on whether an investor has reasonable energy exposure. If not, this is a very, very good choice among Canadian oils. If you’re underweight energy, this is the time to increase your exposure.
But if you started building your energy portfolio a year ago, then you don’t need to increase exposure.
He started buying about a month ago. Geopolitics aside, we're in a multi-year bull market for oil. The go-to beta name if you're bullish on oil. Conservatively, over 50 years of stay-flat inventory. CEO is a very long-minded and successful steward of the ship.
Trades at low multiple of 2-3x cashflow two years out, but should be at 7-8x. At $80 oil, that's an $80 projected share price in a year or two. Yield is 3.21%.
Eric NuttallIs a long-term holding. The charts looks like it's fallen off the Earth, but is a fantastic company. It's at the whims of the oil market. He will add more shares at these prices.
Tim ReganWell run. Tremendous job rolling up businesses. Still cheap because the float is held mainly by the Waterous family and all its entities, and they're planning to sell it down from 85-90% to ~66%. So there will eventually be more active trading.
Goes with the price of oil. If oil even stays where it is, stock could be $60 in next couple of years. Yield is 2.84%.
Tim ReganSCR had disclosed in the summer that a special distribution of $10.00 per share if its takeover bid for MEG fails. The takeover bid for MEG was terminated by SCR in October. A meeting of shareholders is scheduled for November 27, 2025 to approve the plan of arrangement and special distribution. Its balance sheet is fairly strong, with an equity position of $6.6B, almost no net debt, cash of $1.3B, and a total debt/equity ratio of 0.2X. There are some concerns that its asset quality is not as strong as some peers, with general thoughts that MEG's Christina Lake SAGD asset could be higher quality than SCR's assets. Approval of the distribution seems likely given that the primary owner (WEF) intends to vote in favour of the plan. All else equal, the share price is likely to drop by approximately the same amount of the distribution, post-payment. We would be cautious around trying to time the market by selling between record date and payment date, as a lot of volatility can take place. We would be comfortable continuing to hold the name given its decent momentum recently, even if there is a post-distribution decline equal to roughly that of the distribution.
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SCR had disclosed in the summer that a special distribution of $10.00 per share if its takeover bid for MEG fails. The takeover bid for MEG was terminated by SCR in October. A meeting of shareholders is scheduled for November 27, 2025 to approve the plan of arrangement and special distribution. Its balance sheet is fairly strong, with an equity position of $6.6B, almost no net debt, cash of $1.3B, and a total debt/equity ratio of 0.2X. There are some concerns that its asset quality is not as strong as some peers, with general thoughts that MEG's Christina Lake SAGD asset could be higher quality than SCR's assets. Approval of the distribution seems likely given that the primary owner (WEF) intends to vote in favour of the plan. All else equal, the share price is likely to drop by approximately the same amount of the distribution, post-payment. We would be cautious around trying to time the market by selling between record date and payment date, as a lot of volatility can take place. We would be comfortable continuing to hold the name given its decent momentum recently, even if there is a post-distribution decline equal to roughly that of the distribution.
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SCR had disclosed in the summer that a special distribution of $10.00 per share if its takeover bid for MEG fails. The takeover bid for MEG was terminated by SCR in October. A meeting of shareholders is scheduled for November 27, 2025 to approve the plan of arrangement and special distribution. Its balance sheet is fairly strong, with an equity position of $6.6B, almost no net debt, cash of $1.3B, and a total debt/equity ratio of 0.2X. There are some concerns that its asset quality is not as strong as some peers, with general thoughts that MEG's Christina Lake SAGD asset could be higher quality than SCR's assets. Approval of the distribution seems likely given that the primary owner (WEF) intends to vote in favour of the plan. All else equal, the share price is likely to drop by approximately the same amount of the distribution, post-payment. We would be cautious around trying to time the market by selling between record date and payment date, as a lot of volatility can take place. We would be comfortable continuing to hold the name given its decent momentum recently, even if there is a post-distribution decline equal to roughly that of the distribution.
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SCR had disclosed in the summer that a special distribution of $10.00 per share if its takeover bid for MEG fails. The takeover bid for MEG was terminated by SCR in October. A meeting of shareholders is scheduled for November 27, 2025 to approve the plan of arrangement and special distribution. Its balance sheet is fairly strong, with an equity position of $6.6B, almost no net debt, cash of $1.3B, and a total debt/equity ratio of 0.2X. There are some concerns that its asset quality is not as strong as some peers, with general thoughts that MEG's Christina Lake SAGD asset could be higher quality than SCR's assets. Approval of the distribution seems likely given that the primary owner (WEF) intends to vote in favour of the plan. All else equal, the share price is likely to drop by approximately the same amount of the distribution, post-payment. We would be cautious around trying to time the market by selling between record date and payment date, as a lot of volatility can take place. We would be comfortable continuing to hold the name given its decent momentum recently, even if there is a post-distribution decline equal to roughly that of the distribution.
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SCR had disclosed in the summer that a special distribution of $10.00 per share if its takeover bid for MEG fails. The takeover bid for MEG was terminated by SCR in October. A meeting of shareholders is scheduled for November 27, 2025 to approve the plan of arrangement and special distribution. Its balance sheet is fairly strong, with an equity position of $6.6B, almost no net debt, cash of $1.3B, and a total debt/equity ratio of 0.2X. There are some concerns that its asset quality is not as strong as some peers, with general thoughts that MEG's Christina Lake SAGD asset could be higher quality than SCR's assets. Approval of the distribution seems likely given that the primary owner (WEF) intends to vote in favour of the plan. All else equal, the share price is likely to drop by approximately the same amount of the distribution, post-payment. We would be cautious around trying to time the market by selling between record date and payment date, as a lot of volatility can take place. We would be comfortable continuing to hold the name given its decent momentum recently, even if there is a post-distribution decline equal to roughly that of the distribution.
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He's not an M&A guy. If you want a really good answer, ask somebody else ;) A board will often reject something like this because they think it should be higher. And maybe a competitor will come along with a better offer.
Right now, if you believe that because of what's going on in the Middle East we might have persistently high oil prices for some period of time, then a lot of these energy drillers will benefit.
In the energy business, scale will be essential going forward.
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Strathcona Resources (SCR.TO) Frequently Asked Questions
What is Strathcona Resources stock symbol?
Strathcona Resources is a OTC stock, trading under the symbol SCR.TO (previously SCR-TO on Stockchase) on the (). It is usually referred to as or SCR.TO
Is Strathcona Resources a buy or a sell?
In the last year, 10 stock analysts published opinions about SCR.TO (previously SCR-TO on Stockchase). 3 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is WATCH. Read the latest stock experts' ratings for Strathcona Resources.
Is Strathcona Resources a good investment or a top pick?
Strathcona Resources was recommended as a Top Pick by Eric Nuttall on 2024-11-21. Read the latest stock experts ratings for Strathcona Resources.
Why is Strathcona Resources stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts' recommendations for help on deciding if you should buy, sell or hold the stock.
Is Strathcona Resources worth watching?
10 stock analysts on Stockchase covered Strathcona Resources in the last year. It is a trending stock that is worth watching.
Highest-beta name to a bullish oil thesis that he can find. Lots of running room. Growing production by ~45% over next 4 years. At $80 oil generates $900M of excess free cashflow, to be paid out as special dividends each year. Yield is 2.60%.
(Analysts’ price target is $49.20)