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.

GREY:STPJF - Post by User

Southern Pacific Resource Corp

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Post by ShatnersRugon Mar 27, 2014 2:18pm

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Post# 22377359

Some perspective on going long

STP opened the day on February 28th at 15 cents. FIFTEEN CENTS.

Today it hit as high as 38 cents. Folks, this is after LESS THAN a month. I do not like charts, nor the restrictions that they place on traders that only look at the technical. But the reality is that technical traders, along with big money have reigned in the SP.

This pullback from 38, in time, will pass. Unless STP fails in its endeavour to increase production, we will continue to see nice gains in the share price. Sit back and enjoy the ride up. The cash crunch has been dealt with. Now let the engineers over at McKay (AND SENLAC - WOO!) do their jobs and make us all some money.

Shat

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