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 > What if??

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Comment by nikeherculeson Mar 26, 2014 12:52am

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Post# 22367850

RE:RE:RE:RE:RE:What if??

Debs are great, i get the upside without the volitility and a big coupon while i wait. Shat worked out an amazing almost too good to be true annual rate of return of 48%. I haven't worked out the exact number myself. I am new to directly purchasing junk bonds. Previously i got exposure through JNK, but that got a little overpriced so i sold.

Deb payments are taxed as regular income, so they are not the best investment to hold in a unregistered account.

For an example of a deb restructuring, take a look at PNP.DB.

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