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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

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Bullboard (GREY:STPJF)

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Comment by nikeherculeson Jan 28, 2015 1:09pm

RE:RE:RE:RE:RE:RE:STP halt

babus, budworm, I hope you two didn't lose too much money and you guys walk away from this a little wiser. After watching 2P1 decline then flatline on IHS it was obvious something was wrong with ...more

364

Discussion

Comment by budwormon Jan 28, 2015 11:20am

RE:RE:RE:RE:RE:STP halt

I hear you Bambus. I think I first got in in 2010. I think at that time they had cash, lots of real estate, an experienced crew of engineers. I was way over my head but thought I did ...more

235

Discussion

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Post by wdr2on Jan 28, 2015 10:25am

Scam of the century

All these junior oil stocks .They bleed of fraud right from their listing.Seems they all take on way too much dept and eventually fail.The BOD are the only ones that make a sh^& load of cash for ...more

379

Discussion

Comment by bambuson Jan 27, 2015 9:15pm

RE:RE:RE:RE:STP halt

That's a shat load of debt for a company producing so little... I am honestly looking at myself and asking what the heck was I thinking investing in it in the first place...it was a walking dead ...more

227

Discussion

Comment by nikeherculeson Jan 27, 2015 6:12pm

RE:RE:RE:STP halt

Sorry Bambus, STP owes approximately $682 million according to paragraph 69 on page 11 of the court filing. There isn't enough value left in STP to pay the creditors off. Secured and unsecured ...more

307

Discussion

Comment by bambuson Jan 27, 2015 4:36pm

RE:RE:STP halt

Secured loans are to be paid first and if there is something leftover then the common stock holders can be paid as well... accurate translation Nike? Were there any similar cases that you know of ...more

233

Discussion

Comment by nikeherculeson Jan 27, 2015 12:36pm

RE:STP halt

@Bambus Read below, if you don't understand, feel free to ask. Companies’ Creditors Arrangement Act (R.S.C., 1985, c. C-36) Payment - equity claims s 6.(8) No compromise or arrangement that ...more

274

Discussion

Comment by bambuson Jan 27, 2015 12:25pm

RE:STP halt

Sorry typo..tsx not tax

130

Discussion

Post by bambuson Jan 27, 2015 12:23pm

STP halt

Guys is STP halted bc of CCAA protection or bc tax is reviewing it to kick it out ?

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Discussion

Comment by bambuson Jan 27, 2015 12:20pm

RE:RE:RE:IF you are holding STP.db Convertible Debs.

Lol, darn it Pandora... You and me... Let's go and represent...!

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Discussion

Comment by Pandoraon Jan 26, 2015 11:37pm

RE:RE:IF you are holding STP.db Convertible Debs.

"anyone representing common stock holders? :(" Yeah, that guy from the Batman series -- The Joker!

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Discussion

Comment by bambuson Jan 26, 2015 8:06pm

RE:IF you are holding STP.db Convertible Debs.

anyone representing common stock holders? :(

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Discussion

Post by pennydredfulon Jan 26, 2015 3:10pm

IF you are holding STP.db Convertible Debs.

The legal firm of Cassels Brock is represented these holders in the upcoming re-organization. ...more

340

Discussion

Comment by farmermanon Jan 26, 2015 11:27am

RE:My 7th TSX oil stock delisted STP

Only posting this cause it seems like a great way to make money If you post your top oil picks (since you have had all those delisted) Your picks could be shorted for profit just saying : 0

229

Discussion

Comment by Park1on Jan 23, 2015 3:12pm

RE:RE:RE:RE:RE:Devastating

I was the one which posted the TD report. You are a SH troll and I did not lose any money on STP. I guess you need to keep your persona going on all the other boards you post on? I hope I wasted your ...more

347

Discussion

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