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.

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Southern Pacific Resource Corp

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Post by petropigon Jul 06, 2012 3:13pm

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Post# 20089888

Share price

I heard this week that TD is recommending selling STP. Does anybody know why TD would cut their forecast from $3.50 to $2.25 especially after all the positive news the past week. I do not believe TD when they say it's due to operational issues. It sounds like they are the ones trying to keep the price down for a reason. But anyways I'm keeping my STP shares that I've had for the last few years. Cheers and have a good weekend.

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