Southern Pacific Resource Corp STPJF

RE:RE:RE:RE:RE:RE:Amount of debs.

[ShatnersRug]

If that is the case, this is the month to cash out if short.
Second ICD up and running by now, and, if improved performance comes as quick and with as much success as the first, it won't be long before we see some buying and short covering.

In the meantime, shareholders will wait until the shorts cover. From a short position, I can understand the greed factor. Easy to manipulate a company's SP when news is 7-8 weeks away with a company that is floundering. It's especially lucrative to a 'short' when a 1 penny drop is worth a whopping ~6%. I'd probably be doing the same.

In the other camp is failure. When I think about STP going broke and the viewpoint of shareholders, something doesn't jive with the decision to sell a position after such a positive conference call. Doesn't add up. ICD #1 a big success and, according to Lutes, at a minimal cost. Accumulation or dumping? My guess, interpreting the L2 and house positions, is the former. It's funny how short peoples' memories can be. It was only a few short weeks ago that we saw huge buying taking place. To the tune of an intra-day trading level of over 0.25/ share.  And since then? Great news from a conference call and increased production actually happening NOW, let alone considering the rise in the price of oil since then(~$10.00 [~92.50 to ~102.50), and progress with Keystone. Go figure.

I guess we'll see who is right by the time March rolls around.  :)   You guys know where Shatner stands.