Southern Pacific Resource Corp STPJF

Oil Sands Dream Evaporates With 40% Bondholder Loss Seen

[namlous]

Article on Bloomberg or Yahoo finance

[crenshawmuch]

This post has been removed in accordance with Community Policy

[rad10]

au contraire namlous, https://www.youtube.com/watch?v=__VQX2Xn7tI Lose the debentures through a forced conversion and how do the metrics look? Who Dares Wins................

[namlous]

I wold love to see some magic performed that makes this work out for eveyone.   I posted that becuase I am so  suprised lutes sounds so clam in the article. I guess that is why he runs companies and I don't, 

[Pandora]

It seems that Foofat passed his IR responsibilities back to Lutes but it seems Lutes has other things to do i.e. no replies!

[farmerman]

Strengths 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

[ShatnersRug]

They'd have to issue a TON of shares if that's what you're talking about.

[rad10]

true Shat - I have always advised staying away from the equity.  STP is definitely on the brink of recapitalisation.  (Big opportunity). I will miss GF - he was always gentlemanly and returned phone calls promptly.  Wish him well in his future endeavours GLTA. Cheers.

[Jzkbbi]

Lutes' statement was kind of amazing, actually.  Not in any discussions with debt holders?  Cash flow positive by the end of the year?  Wouldn't that be nice.

[CommunityMind]

Lutes is a CEO. He is a professional liar. Read back through the NR over the past couple of years. None of the production forcast has been met. 'Cash flow positive by the end of the year!' I bet he had a big smile on his face when he said that. Just like a used car salesman. 2012 the SP was 1.80 and STP was valued at 684,000,000 2014 the SP is 0.065 and STP is valued at 24,700,000 and

[wittmann]

If one reads the last news analyst Chris Cox stated in his note to investors liquidity will be an issue with STP in 5-6 MONTHS 'unless solutions are found to boost the production' at STP-MKAY Lutes says STP has 34 million and'adequate time' to do exactly that 2500- 3000bpd. The market says that noone believes Lutes at this point.Credibility issues?? Maybe ..but the market has had

[trader129]

Byron been averaging around 800k compensation for the last 3 years.. if you take out the options its about 550k . Byron C. Lutes(6) President and Chief Executive Officer 2013 2012 2011 380,000 360,000 305,000 7,500 7,500 Nil 131,935 321,879 388,026 Nil Nil Nil Nil Nil Nil Nil Nil Nil 207,765(5) 172,631(5) 206,452(5) 727,200 862,010 899,478