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 > Annoying close

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Comment by adamsighton Dec 27, 2013 5:21pm

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RE:Annoying close

I would think a fund or a group of peope is shorting this. I wouldnt bet it down now. Tax loss selling was the only thing killing it as we were hot with the news already. They have announced 1/4 updates and the next quarter is 2 m0onths away. My gamble would be up, some januaries have a sell off after tax loss but I doubt it here. Where would the motivation come from, we have had the worst news already. We either have no news, or good news and as the stock was seemingly over sold you would either need to be shorting or accumulating to be doing this.
I imagine that the stock is under scrutiny right now with the exchange. This being said you can seel when and what you want.
Happy New Year Everyone
AS

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