Southern Pacific Resource Corp STPJF

If Bad News, Then What??

[budworm]

I've accepted my losses with STP.  Don't really have a choice.  Is there any possible fix to STP short of a takeover that could occur in lets say the next 6 months?  I'm baffled with this one.  The ratings have gone up, production has gone up (not to target of course), the asset sale was a good influx of capital.

[nikehercules]

Nobody is answering the phone.........even tried randomly dialling a few names in the phone index. We might be missing something here gentlemen, humm......looks like I'm in the GIC penalty box for a long time. A quick scan of Southern Pacific in the news shows there is no fire or explosion. Don't laugh guys, CNQ Horizons fire back in 2011 set me back quite a bit......

[jsg335]

Strange that analysts have indicated a target price of .75cents and consesus of .98cents with 4 giving it a hold and 2 have a buy rating, but yet the stock is trading at such a huge discount.  Just dont want to be blindsided here, have no problem holding for a while, but want to see it break this downward trend, making me sick.

[nikehercules]

I sure hope I didn't get played by the CFO, he was calm as a cucumber. The other fellow i talk to in STP seemed optimistic about the future - unfortunatley I can't shake him down for information - just the inner zeitgeist of the firm seemed calm and long term, and that STP was a long term play. One thing i did gleam was that these guys don't look at the SP on a daily basis - this

[Pandora]

Well with what's happening today it seems maybe you did get played by the CFO. Somebody big has definitely bailed and if they're that big they probably know something the rest of us don't. I have been stubborn about hanging on to this stock I guess because they seemed to manage it so well in the construction phase. That has certainly turned out to be a disaster for my investment and a

[monzie]

Wasn't it just a cross trade from AltaCorp - as in they moved it from one account to another that's why their "trade" didn't effect the price - they did it at 25 cents for  one lump of 11.7 million shares.