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.

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Southern Pacific Resource Corp > Immediate impact on SP after a sale announcement

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Comment by adamsighton Jun 03, 2014 10:13am

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RE:Immediate impact on SP after a sale announcement

Well lets say that a salevof .40 occurs and there are no lawsuits it still needs to be voted on by shareholders. It would get a share jump in the market and likely shareholders would hold out fmore. If it was voted for and you didnt fill out the paperwork for their shares or whatever in about 2 months the money would show up in your account A few years back I bought a stock at 1.10 it went ti .25 an offer came to buy it at .55 it went to .57 I sold an within 2 months the majority stakeholders negotiated a much higher price....... lots to consider if this happens, you canq betq yourq button that any fund still holding this will leverage the biggest bang. I doubt if they bring us an offer it will close at that. It could but I doubt it. A

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