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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

Post by wittmannon Aug 24, 2014 9:01pm
701 Views
Post# 22873368

STP'S future or lack of it.

STP'S future or lack of it.I wish I would have been in STP's boardroom the last few months.Its sometimes not important what is said by the company but rather WHAT ISNT.I will never sugar coat this disaster,BUT SURELY Credit Suisse knew everthing about what has transpired with STP many months ago .We only find out those  same months later.It explains the slow and steady drop from the mid 30's though.
Now it remains to be seen the finale...is this the death of STP ??or just the death of the  common shareholders?Is it the beginning of new financing as say,a reverse split?...more debt??
The undisputed fact is the market doesnt like risk with this company..but it remains to be seen if lenders see any hope at all for future risk.The next while (WEEKS-MONTHS) will tell us everything so speculation will dominate this board once again ...what else is new :)

Just for the record ,if anyone on this board lowers themselves anymore by blaming anyone  else on this board for STP's demise(and therefore their own sharevalue) you can consider yourselves in the eyes of authentic investors ,to be nothing more than amaturish garbage pieces that never will be taken seriously again.YOU are your own investment manager and if you took a loss its because you made a lousy investment..man up about it pukes and grow up and stop blaming the world for your problems ....only losers and little punks do that...is that really what you are in the real world???
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