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 > Explanation of the walk-down

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Comment by nikeherculeson Apr 01, 2014 2:09pm

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RE:RE:RE:RE:Explanation of the walk-down

We're bound to see more walkdowns in the future. Here's an interesting zerohedge article:

https://www.zerohedge.com/news/2014-04-01/hft-rigged-market-how-rogue-algo-destroyed-bats-ipo

Bats IPO walked down from $16 to 0 in less than a second.

I wonder if this latest STP walkdown was human driven or was a bot programmed to do the dirty work.

Anybody input from professional/institutional traders?

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