#Canada #Calgary #Strathcona Resources #public float #Waterous Energy

Strathcona Resources Expands Public Float

Strathcona Resources Ltd. has reported a significant change in its ownership structure, greatly affecting its public float. The company, operating under the ticker SCR on the Toronto Stock Exchange, recently completed a share transaction involving the Waterous Energy Fund.

On January 31, 2025, Strathcona announced that the Waterous Energy Fund Co-investment (Canadian) LP and Waterous Energy Fund Co-investment (International) LP had successfully executed a share pass-through transaction. This move resulted in the disposition of 24,010,576 common shares, representing about 11.2% of Strathcona’s total common shares. Following this transaction, the collective ownership of Strathcona by the WEF partnerships decreased from 90.8% to 79.6%, thereby facilitating an increase in the company’s public float to over 20%.

The restructuring involved various organizational steps, yet the total number of issued and outstanding shares remained unchanged. Interestingly, this transaction did not mandate shareholder approval, which streamlined the process significantly. However, those common shares that were distributed might be subject to resale restrictions according to relevant Canadian and U.S. securities laws.

About Strathcona Resources

Strathcona Resources has established itself as one of the fastest-growing oil and gas producers in North America. With a focus on thermal oil, enhanced oil recovery, and liquids-rich natural gas operations, the company has distinguished itself through an innovative approach to growth. This method emphasizes the consolidation and development of long-life oil and gas assets.

As they continue to expand their operations and market reach, Strathcona aims to leverage this increased public float to engage with a wider array of investors and stakeholders. The company remains committed to transparency and strong governance as it navigates these changes.

For those interested in learning more about Strathcona Resources or their latest developments, additional information can be found on their official website: www.strathconaresources.com.

In conclusion, this significant transaction shines a spotlight on Strathcona Resources as it enters a new phase of operational transparency and engagement with the market, reflecting a broader trend of public offerings in the energy sector. With the changes in public float, investors and analysts alike will be observing how the company strategically positions itself moving forward.