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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

Comment by nikeherculeson Mar 05, 2014 10:12am
347 Views
Post# 22282555

RE:RE:RE:RE:Some rough analysis

RE:RE:RE:RE:Some rough analysisPoorgrammar:

I don't expect any movement until mid April. As the release said, they will run the wells for a couple of months, then make the best decision given the options they currently have on the table.

Zanadu - you correctly read lute's barely hidden fear in the november con call. How was he this time round? If he's calm, there are probably options (unless he's a good poker player).

As for 30 cents, i don't expect that until after the strategic annoucement. Any insider buys will probably be quickly filled by the many iceburgs above 0.185. The insiders on the last run up moved the SP on low volume. If 6 milion shares can't get it to move 4 cents a couple plant guys with their waterhouse account won't budge a thing. Recall the last 6 million share buy day raised the SP from .40 to .58 in hours. That was sageview.

I don't expect lutes will want to take sageviews's growth capital and it's assciated strings. Note that IG investments has sold off but sageview remains as a 10% holder.
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