Southern Pacific Resource Corp STPJF

Energy Oil & Gas E&P

Southern Pacific Resource Corp. is a Canada-based company, which is engaged in the thermal production of heavy oil in Senlac, Saskatchewan on a property known as STP-Senlac, and thermal production of bitumen on a property located in the Athabasca region of Alberta known as STP-McKay, as well as exploration for and development of in-situ oil sands in the Athabasca region of Alberta. Its STP-McKay property consists of oil sands leases totaling approximately 37,760 acres. The Company’s operations also include Anzac, Hangingstone and Ells. The Company’s STP-McKay property is located approximately 45 kilometers northwest Ft. McMurray. The Anzac project covers approximately 117 kilometers of two-dimensional (2D) seismic. The Company owns 80% interest in Hangingstone project. The Ells project covers approximately 164 kilometers of two-dimensional (2D) seismic.

GREY:STPJF - Post by User

Southern Pacific Resource Corp

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Post by kavephishon Aug 31, 2011 11:44pm

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Post# 19001105

there wont be much more time......

....for investors to get in at these prices. The news and progress of this company just keeps getting better and better. Relatively low risk with excellent upside. I think the only thing that could tank this stock is a collapse in oil prices, but I don't see that being a very likely scenario as there is probably not a lot, if any, $50 oil left in the world. I am quite confident that this is an easy 2 bagger by next summer, and I think that is a very conservative estimate. I have been buying in tranches from $1.15 up to $1.85, and recently added another 4% to my portfolio at $1.29. This has all the hallmarks of easy money. Find me another junior that has the reserves, financing, and management that STP has and I'll back the truck up on that one too!

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What is the gold outlook for the rest of 2024?