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Southern Pacific Resource Corp STPJF

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

Comment by Jzkbbion Dec 11, 2013 2:10pm
217 Views
Post# 21995493

RE:RE:MM,s loading up..manipuation..will close alot higher..$$$

RE:RE:MM,s loading up..manipuation..will close alot higher..$$$I suspect that MM's are not loading up.  Someone is getting out.  Someone has a large position in the tens of millions of shares and has decided to get out.  That means doing their best to systematically get out each day.  There is not enough buyers to absorb the tide here.  Every little retail investor would do well to exit now and wait to see what happens.  

Maybe they are finished getting out, but odds are that they still have tens of millions of shares to go.  Then the retail investor can get back in lower than they got out.  This is just the way it goes when you have large holders that want to exit.  
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