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.

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Southern Pacific Resource Corp > Netbacks Q3

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Post by ShatnersRugon Jul 10, 2013 3:33pm

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Netbacks Q3

I know it's a little early to be talking calendar Q3 numbers, but with ramp-up issues being addressed, WTI price up($105/$106 right now), and much more favourable WCS pricing, my feeling is that shareholders will be breathing a little easier come autumn. After all, the majority of Senlac production is sold at WCS pricing(as of yesterday ~$91). Operating netbacks should be, all things being equal, much improved Q over Q.

In addition to oil price and production profile, I have used the deb price(stp.db) as a barometer when analyzing STP as a potential investment. Today it once again hit a new low. However, it was on little volume and has since bounced back nicely. Having said that, I have thrown my hat into the ring once again and reopened a position in STP.

C'mon STP! Shatner needs a new rug!!

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