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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 zedex99on Mar 28, 2013 2:06pm
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Post# 21181736

RE: Upon reflection...

RE: Upon reflection...

Maybe, but it is possible that with the company having a clear plan of action, there is no momentum and the market will value the shares on fundamentals. If so, there is probably room to go lower. We should rise again when revenue starts to increase. I hav'nt worked out a P/E at these levels, but Yahoo reports it is 18,5 this morning. What is the average for producing companies? That's probably where we will settle.

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