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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-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

Post by PeakOilBoyon Feb 28, 2013 11:20pm
445 Views
Post# 21059846

MY LAST POST

MY LAST POST

I'm going to be upfront. I am down multiple six figures in this stock.  I actually hired consultants to help me model this company and analyze geology.  I am a retired hedge fund manager. I own more stock than all but one executive in this company.  I started reading posts on this sight only months ago and found real value in some of the posts as it pertains to reports, news articles etc...  I missed the comradery of the street and made the mistake of posting on this site.  I must admit I have been taken in by the idiocy of this online board (new to me) . That needs to end with my next glass of whiskey.  So what is my last message that some of you will never care about?  = Trader 101:  If you are down $ in this stock it is nobody's fault but your own!  Don't call management on month 4 of ramp up and beseech about pics on the website. I own a ____ton of stocks (but this is the largest) and not ONE is more transparent than STP.  No company is going to provide daily updates. If you think they would then you have no grasp of the legal system.  Always think "how can I get screwed". If that thought crossed your mind you wouldn't need to ask why they don't give daily updates.  You all sound like a bunch of babies.  Wake up tomorrow, assess the situation and either hold, buy or sell.  That is all you can control and all you ever will!   All that said, if this stock isn't over $2 this year I'll be blown away.  But I'm a big boy and understand that might not happen. 

Given the number of people that read these posts I will now go join the many many people that just read posts and pick the useful bits from here and there.  As you say, good luck to you all. Now for my next glass of whiskey.   POB.    

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