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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 > 25 cents by the end of this week
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Comment by green24on Dec 04, 2013 3:50pm
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Post# 21970502

RE:RE:RE:RE:Re: 25 cents by the end of this week

RE:RE:RE:RE:Re: 25 cents by the end of this weekYep, and the risk is still crazy high in that one as well.  I expect a new low soon for AUN.  Good on the MMs for shoving it up to unload today though.  I will say that it is also crazy over sold if management can ever get their stuff together and meet guidance.  Same goes for STP.

Quite frankly, I'll be shocked if the next update shows STP producing 5000 bbl in November.  But if they do report this, then whatever low it got to this week or next will have been the bottom imho.

I still see .25 before then.  But I don't see .20 in this stock's future.
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