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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 > Oil Sands Dream Evaporates With 40% Bondholder Loss Seen
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Comment by farmermanon Aug 25, 2014 1:13pm
424 Views
Post# 22875303

RE:RE:RE:RE:Oil Sands Dream Evaporates With 40% Bondholder Loss Seen

RE:RE:RE:RE:Oil Sands Dream Evaporates With 40% Bondholder Loss SeenStrengths and weaknesses
Since he was hired he (Lutes) has never returned my emails or phone calls ever.
Hes probably busy now, but time will tell, I doubt it will occur, its a type of management stye to delegate. Bolinger is good for talking to the little guys he should take the reigns on this. It will boil down to retail now, retail will push this down or up.
Really there are no bad surprises left financials will be rough.
If they are not looking for loans (read this in an article) its gonna have to be asset sales, I spoke to Bounty this am and the fellow since sincere in his "I dont know".
They STP need to keep news flowing good or bad to the retail investor, for all my unhappiness they should have kept the dedicated IR guy especially now. 
Given him more flexibility and announced monthly updates so no one is kept in the dark.
Spend the money go to the retail shows and talk about how institutions have punished the stock.
Any inkling of good news could result in a pop if they stay on top of it. It will be retail guys filling and PP they may do.  Its time to realize they are a penny play and start acting like the sales men they need to be. Pompous approaches with a flashy degree and resource package are meaningless now. Its gotta be nince nice and fluff fluff.
IMO
Dave
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