Strata Power Corp Overview
Industry: Oil & Gas E&P
Sector: Energy
Strata Power Corporation, an exploration stage company, engages in the acquisition, exploration, and development of oil and gas properties in Canada. The company focuses on heavy oil and carbonate-hosted bitumen deposits. It has a 50% interest in oil sands leases covering an area of 8,704 hectares located in the Peace River oil sands region in Northern Alberta, Canada; and has a royalty interest in 10 oil sands leases and owns 1 non-producing wells. The company was formerly known as Strata Oil & Gas Inc. and changed its name to Strata Power Corporation in December 2018. Strata Power Corporation was incorporated in 1998 and is based in Calgary, Canada.
Strata Power Corp is evaluated using Mavefund's quality framework: growing earnings, durable profit margins, conservative leverage, strong return on equity, and disciplined share repurchases.
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