11:13 AM EDT, 05/21/2024 (MT Newswires) -- RBC Capital Markets said Tuesday its constructive stance toward Strathcona Resources ( STHRF ) reflects the company's solid operating performance, robust shareholder alignment and extensive RLI.

RBC said Strathcona's goal to achieve its $2.5 billion debt target and shareholder returns as well as an expanded float remain its priority focus on the company.

Strathcona shares were last seen up C$0.64 to C$35.69 on the Toronto Stock Exchange.

Price: 35.75, Change: +0.70, Percent Change: +2.00