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

Bullboard Posts

Comment by Canoutchieon May 09, 2013 7:24pm

146 Views

Post# 21359723

RE: The boom was finally lowered

@Shatner - I hope you sold today... this stock sounds like it's just not for you!

You might want to stick with Shell or Crescent Point... less volatility, and they pay a dividend.

FWIW, I was buying today... speculative buy, of course; but I've been following this stock for awhile.

There's been an awful lot of selling, yet as far as I can tell, the oil hasn't disappeared out of the ground. Lutes doesn't appear to be a scheister. I know some people are worried about the approval of Keystone, but the oil will eventually find its way to the market (either by pipeline or rail).

So there could be more downside, but I'll hazard the risk of a 10¢ loss from here vs. the potential for a double in 6 or 12 months time.

Good luck to you!

Bullboard Posts

Gold vs. bitcoin, where should you invest?