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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

Southern Pacific Resource Corp > STP Has Reserves
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Post by ricardo135 on Aug 27, 2014 12:49pm

STP Has Reserves

STP producing 3700 bbls now. Once they inject more steam and gain more barrells IMO they can still pull this off without any dilution :-) People are throwingallthese scare tactics to get more shares,,,Your shares for cheap. Be carefull and don't panic till next news release JMO
GLA
Comment by monzie on Aug 27, 2014 1:19pm
That's what they always do ricardo, like vultures circling someone walking through a desert.  No one seems to be paying any attention to what Lutes has said over the last few days which to  paraphrase him is "things will be tight but don't pay any attention to people saying the company has 6 months to live - because they're completely ignoring the fact that production ...more  
Comment by CommunityMind on Aug 27, 2014 1:56pm
I don't mean to rain on long term investors hopes but I do want to warn anyone considering this stock as an investment. (The day traders have already taken over.) And I have to disclaim your last statement regarding Lutes comments. He has made projections before and targets have never been reached....not even close
Comment by monzie on Aug 27, 2014 2:21pm
Community your game is pretty funny and quite sad.  You're very first post on here four months ago was how people have knee jerk reactions and panic sell and that you were taking advantage of the situation by buying shares on this weakness.  And the kicker of course that you plan on retiring on the increased value of STP.  And coincidentally enough here you are screaming ...more  
Comment by CommunityMind on Aug 27, 2014 2:49pm
Monzie, I am nowhere near as sophisticated a trader as you make me out to be. Sadly I have lost a lot of money on STP stock because I got caught up in the buzz back in February. I only learned about Stockhouse this year, hence my recent membership. I’m only posting cautionary messages to balance the optimism. I’d suggest to anyone new to STP to read up on this company’s history. Lutes has a ...more  
Comment by monzie on Aug 27, 2014 4:02pm
And I was simply just quoting your very first post.  Trust me I never implied nor meant to imply that you were a sophisticated trader.  In fact I'm pretty sure I said your game was funny and sad aka pathetic.  I was just calling you out on your game plan.  But I guess I never thought that you'd be on here just for charity sake and the goodness of your heart warning ...more  
Comment by CommunityMind on Aug 27, 2014 4:26pm
Monzie, there's nothing wrong with being optimistic. And there are plenty of people who have held this stock a long time. A long term investor posted his holding and his position a while back and I respect the man for having faith. I don't mean to disrespect anyone. If you read my past post, you can see I made optimistic posts too. The problem is - it's just as bad because it’s ...more  
Comment by rad10 on Aug 27, 2014 10:17pm
Reminds me of Teevee on the Arcan board - selfless and noble advice.................LMFAO
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