Globe says Toth chops target on Southern PacificThe target price of $1,90 being reduced is still way above the current price.
I own shares since 3 years and the story here is a GREAT one.
This is not a penny stock
4 Major CDN Banks have invested in Siuthern Pacific and way above the current price.
I'm loading now and it will pay back when Market improve!
--- Article from the Globe down here ---
==================================================
Globe says Toth chops target on Southern Pacific
Ticker Symbol: C:STP
Globe says Toth chops target on Southern Pacific
Southern Pacific Resource Corp (C:STP)
Shares Issued 339,266,627
Last Close 9/22/2011 $1.19
Friday September 23 2011 - In the News
The Globe and Mail reports in its Friday, Sept. 23, edition that Canaccord Genuity analyst Steve Toth continues to rate Southern Pacific Resource ($1.19) "sector perform." The Globe's Darcy Keith writes in the Eye On Equities column that Mr. Toth, however, reduced his target price on Southern Pacific by 20 cents to $1.90. The Canaccord analyst is concerned with the delay of key planned activities at Southern Pacific Resource's McKay steam-assisted gravity drainage oil project in Alberta. Based on the company's most recent presentation, some activities have been pushed back by up to two months, and this could delay first oil, according to Mr. Toth. Dynamic Funds portfolio manager Jennifer Stevenson was bullish on Southern Pacific in The Globe on March 24. At the time the stock was going for $1.69. The Globe reported on Aug. 16 that Southern Pacific was a ripe takeover candidate. The stock was then worth $1.48.