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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-McKay property consists of oil sands leases totaling approximately 37,760 acres. The Company’s operations also include Anzac, Hangingstone and Ells. The Company’s STP-McKay property is located approximately 45 kilometers northwest Ft. McMurray. The Anzac project covers approximately 117 kilometers of two-dimensional (2D) seismic. The Company owns 80% interest in Hangingstone project. The Ells project covers approximately 164 kilometers of two-dimensional (2D) seismic.


GREY:STPJF - Post by User

Southern Pacific Resource Corp
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Comment by rehsifylfon May 17, 2010 12:38pm
259 Views
Post# 17105918

RE: RE: Bought more today

RE: RE: Bought more today

Yea wdr,  What are you thinking buying more now and even worse announcing it.  What you are supposed to do is wait until it goes back up to 1.2 and then come on here and say how much you bought at the very low.

Besides - anyone, except the very long term investors - those with a horizon of 2 months or more, is down big time on this baby.  I mean, unless you pruchased this stock before April 1st - you have to be swimming in red, and who the heck holds a stock for more than 2 months - surely not the smart investors!  The smart guys buy on recommendations from guests on BNN, especially when said guests disclose that the stock is ALREADY the largest holding in their hedge fund.

Clearly the Bond vigilantes have a strong moral ground to stand on - they are doing the job that governments and bond rating agencies should have; but obvioulsy the real motivation hear is greed.

In any event - the other smart investors that had a stop loss at $1 are probably not the happeiest folks on the planet this morning.

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