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 > Tax Loss perfection

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Post by green24on Nov 27, 2013 3:50pm

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Post# 21947530

Tax Loss perfection

This is just about perfect as an example of tax loss manipulation. Dump hard in the first 2 weeks of November, wait your 30 days, then buy hard in the week or so before the tax loss deadline in December from every shmoe who waited too long to tax loss sell.

I guess they will have been successful if they manage to reload at anything under .38, so I would expect to see the price held down as much as possible by the MMs for the next 3-4 weeks. Regular Joe tax loss selling will make it very easy for them to hold it down. Then in January I'd expect a very nice pop again.

GLTA STP longs

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