Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum 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... see more

GREY:STPJF - Post Discussion

Southern Pacific Resource Corp > Goota Love it...
View:
Post by ticket2ride on Apr 30, 2014 12:31pm

Goota Love it...

Someone might be in deep s#!t right now trying to hold down the share price at .30 putting up the wall with 500k shares.... just what someone else was waiting for to accumulate.

Like magic "POOF !"   gone from in 4 minutes  12:23 to 12:27

Gotta Love IT !
Comment by ShatnersRug on Apr 30, 2014 12:33pm
Seriously. STP production is the worst-kept secret in Calgary right now.
Comment by ticket2ride on Apr 30, 2014 12:34pm
Sorry for the typos ....must have got a little excited !!
Comment by ShatnersRug on Apr 30, 2014 12:35pm
I didn't think that it was a typo. Thought you were Scottish is all.
Comment by ticket2ride on Apr 30, 2014 12:44pm
Can't you just hear it. Analyst turned trader portfolio manager. YOU DID WHAT ? YOU SOLD #@&%*! 500,000 shares at .30  ???  Dembicki YOU STUPID MOTHERr#@%&@  WE SAID BUY !!!! CAN'T YOU GET ANYTHING F@#!$%G RIGHT !!!! WHOSE F@%&!#*G TEAM ARE YOU ON ANYWAYS !!! DIPSH!T
Comment by ShatnersRug on Apr 30, 2014 12:49pm
Actually.... The analyst covering STP for TD ceased coverage. Could it be because he(Dembicki) was fired for gross incompetence? Would not surprise me.
Comment by ticket2ride on Apr 30, 2014 1:16pm
Thats why I gave him the new handle as Trader / Portfolio Manager Action Notes April 22, 2014   Suspending Coverage Due to analyst departure, TD Securities is suspending coverage of the following companies: Ivanhoe Energy (IE-T, $0.60, Not Rated) Southern Pacific Resource Corp. (STP-T, $0.265, Not Rated) Sunshine Oilsands Ltd. (SUO-T, $0.15, Not Rated) Not really sur what ...more  
Comment by Risky_Business on Apr 30, 2014 1:56pm
News on the TD Analyst departure. Michael Dembicki, who covered small and mid-cap exploration and production companies at TD Securites, has joined Seven Generations Exploration Ltd. Seven Generations Energy Ltd. - Established in May 2008, Seven Generations is a Calgary-based private energy company focused on developing non-conventional resource plays in Western Canada. The CEO, Pat Carlson ...more  
Comment by ticket2ride on Apr 30, 2014 3:40pm
Michael Dembicki, who covered small and mid-cap exploration and production companies at TD Securites, has joined Seven Generations Exploration Ltd. Wonder if they checked his track record : 3/27/2014 TD Securities Boost Price Target Reduce C$0.15 - C$0.20 STP.TO 0.33 current price       ...more  
Comment by nikehercules on Apr 30, 2014 3:52pm
It looks like he's leaving the financial world altogether by joining Seven Generations. That name rang a bell, 7G have property in the 64-4-W6 (Kakwa) area from what I remember. Pretty rough territory. Looks like he'll be huffing it in the bush.
Comment by ShatnersRug on Apr 30, 2014 3:53pm
that's what she said.
Comment by nikehercules on Apr 30, 2014 4:19pm
Hilarious! There's no beating around the bush with Shat. To answer an earlier question in regards to breakeven - Production for Q3 was 4,767 bbls/day (McKay and Senlac) for the three months ended September 30th, 2013. The loss during that time was approximately 1.5 million according to Lutes on the conference call. Opex costs should not have changed significantly since then. However, we ...more  
Comment by f96jho1 on Apr 30, 2014 5:27pm
The heavy oil differentail has decreased a lot in Q1 2014 compared to Q4 2013. STP will probably get additional 15-20 $ / bbl in Q1 compared to Q4 2013. See report for Meg Energy for instance or Historical oil prices on Baytex homepage. STP will probably have Operation Netback around 15 $ / barrel in Q1. Funds from operation is expected to be around 6 milj.
Comment by f96jho1 on Apr 30, 2014 5:45pm
Correction. Negative funds of operation of 6 milj should it be.  If the ICD is working as expected Stp is a buy on those levels. 
Comment by nikehercules on Apr 30, 2014 5:57pm
f96jho1: Thanks for the input regarding the natural gas prices. It's greatly appreciated. NH
Comment by nikehercules on Apr 30, 2014 8:49pm
Yup, that nat gas price has gone up. Page 10 of the COS MD&A (released a couple hours ago) indicates their costs have gone up from $2.48 per GJ to $5.43 per GJ
Comment by f96jho1 on Apr 30, 2014 5:33pm
nikehercules  OPEX has changed due to higher Natural gas prices since sept 2013. STP has some hedging of GAS contract but OPEX will increase. WCS is lower now compared to Q3 2013 but higher compared to Q4 2013 so breakeven will not be as in Q3 2013.
Comment by wittmann on Apr 30, 2014 7:17pm
Shat,you should know better than that.These screw-up analysts ,after wreaking havoc on the company's they cover,just beam themselves over to the nearest used car lot and start a new career.
Southern Pacific Resource Corp
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
{{currentVideo.headline}}
{{currentVideo.link1Text}}
{{currentVideo.link2Text}}
< Previous
{{moreVideoText}}
Next >
Dealroom for high-potential pre-IPO opportunities
USER FEEDBACK SURVEY ×

Be the voice that helps shape the content on site!

At Stockhouse, we’re committed to delivering content that matters to you. Your insights are key in shaping our strategy. Take a few minutes to share your feedback and help influence what you see on our site!

The Market Online in partnership with Stockhouse
Later
Participate
Not interested