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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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Post by dpb_75on May 08, 2013 5:30pm
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Post# 21355284

Bag Holders

Bag Holders

Well, I am assuming the news will come out tonight/tomorrow morning not Friday as someone previously mentioned here. Must have been a hectic time for brokers in downtown Calgary calling their preferred clients and getting them out based on the information they gathered from the steam room at the Petroluem Club during their executive lunch. The one thing this stock has taught me it.. its a rigged game and whether you believe it or not people get information before its made available to the public. The system is broken and most of us middle class stiffs are left holding the bag. Two things at this point that would surprise me.

1. There is more trading allowed BEFORE the news release

2. The news release is anything but BAD NEWS

Disclaimer.. I AM not a basher just a moron bag holder sitting on 16500 shares at 1.25 average with probably another 20% haircut coming the next time I can trade this P.O.S. about 15% of my portfolio was put into the belief of these back room, cigar smoking, boys club, bonus taking, 1%ers, D bag's, DH's.

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