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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 shleevoon Mar 06, 2013 3:03pm
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Post# 21089196

RE: RE: RE: 1)If the sp is down

RE: RE: RE: 1)If the sp is down

Can't explain this selloff, nor can I explain the selloff of all the other energy stocks on the TSX.  Gold too.  Stocks are trading at a huge discount to their NAV.  Gotta think eventually money will come pouring back into these undervalued plays.  That's how money is made.  Buy low, sell high.  I'll I can say is wait it out.  Eventually this will turn around.  Average down if you can. 

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