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Southern Pacific Resource Corp STPJF

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

Post by adamsighton Jan 09, 2014 12:20am
305 Views
Post# 22072528

logic o a cystal ball

logic o a cystal ballMy uncle pedicted to management the .50 then the 10 he figues .40 - .50 by the end of quate update and pess release due out at the end of february. This is an opion take it o leave it. I will hold on he figues he will sell, I think that we can see 80 as production improves as long as they b/e in the next 2 quartes, he says the risk out weights the benefit. It will un up at the end of feb. May will be the next update and he feels sell in may go away will decimate it no matte how good the news. I figure buy out no buyout all good, he figures if there is no buyout in february, why would someone step in when historically it tanks in the spring and summer??? Buyouts he says take along time and that a buyer will hold out for a good deal.
whos to say..?
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