10:46:14 EDT Wed 08 Apr 2026
Enter Symbol
or Name
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Strathcona Resources Ltd
Symbol SCR
Shares Issued 214,235,608
Close 2026-03-13 C$ 39.46
Market Cap C$ 8,453,737,092
Recent Sedar+ Documents

Globe says Strathcona maintained at "sector perform"

2026-03-13 07:20 ET - In the News

The Globe and Mail reports in its Friday, March 13, edition that RBC Dominion Securities analyst Greg Pardy is sticking to his "sector perform" call for Strathcona Resources. The Globe's David Leeder writes in the Eye On Equities column that Mr. Pardy hiked his share target to $36 from $35. Analysts on average target the shares at $35.67. Mr. Pardy has reaffirmed his "constructive stance" on the Calgary-based company, which he says "reflects its solid operating performance, robust shareholder alignment and extensive RLI [reserve life index]." On Thursday Strathcona posted results that included broadly in-line production of 117,700 barrels of oil equivalent per day and lower operating costs versus Mr. Pardy's outlook (an estimate of 117,300 boe/d). Mr. Pardy says in a note: "The company's net debt stood at roughly $2.1-billion as of Dec. 31, 2025, following its circa $2.14-billion special distribution to shareholders in the quarter, partly offset by the complete disposal of its marketable securities (MEG Energy and Tourmaline Oil positions). ... Strathcona intends to repurchase shares opportunistically rather than follow a formulaic approach based upon its view of the intrinsic value of its shares over time."

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