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Bullboard - Stock Discussion Forum 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... see more

GREY:STPJF - Post Discussion

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Post by farmerman on Aug 06, 2014 12:05pm

whoever

Whoever bought the million shares at .18 must feel rough today I know I do.
It feels like a going out of business sale. I have a call in to Mr. Bollinger, Ill seeif I get a call back
Dave
Comment by monzie on Aug 06, 2014 12:42pm
For sure.  That was Canaccord who took down that 18 cent wall.  I defintitely feel like a chump for thinking that was the TSN turning point for the upside, and we probably still have another 6 weeks to go before we hear anything from the company.  We're almost at that stagnant price level from Feb and March before the 150 million dollar loan and inital ICD installation was ...more  
Comment by nikehercules on Aug 06, 2014 1:09pm
Monzie: Don't beat yourself up for not selling, alot of us were caught off guard on this one. We are back in the mid-teens penalty box for failing to increase production. Heck, STP's June production is lower now than it was in February. The big problem isn't the absolute numbers, it's the f#cking trend. Does anyone have any idea what the second lien bonds trade at? We know the ...more  
Comment by Eyeinvestor on Aug 06, 2014 2:03pm
second lien look like they are at 72.5 They reached a low of 67 back in Feb/March and a high of 77 in early April/late March.
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