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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 ShatnersRugon Apr 11, 2014 10:31am
203 Views
Post# 22439428

RE:Bot SP Manipulation

RE:Bot SP Manipulation
The accumulation range for the bots is 30.5 - 31 cents

The sell order at 29.5 cents was a retailer. Probably due to the "market crash" going on in the world. Hey, people are free to do what they want with their money. Fear, just like greed, are powerful motivators when it comes to investing. Both are healthy, but in small doses.

Frankly, I'm somewhat surprised that the SP has hit 29.5 cents twice since the last NR. I've decided not to buy more shares though. Already overweight STP. But for the SP to dip to levels seen prior to the last stellar NR.... well, I just can't see that happening. Not by a long shot. Too many savvy brokers out there. Not that I know anything about that type of thing.

Buying into other oilers today with some of the powder I have left. Oil is the way to go. Gonna post something Shatworthy regarding my views on energy in the next while. Should be a good read. I'll obviously tie-in my oil views with where I believe STP is going. Otherwise what is the point?  ;)

Some Shatvice:

DON'T LET THE MEDIA AT LARGE INFLUENCE YOUR TRADING. ALWAYS HAVE SOME POWDER AT HAND FOR DAYS LIKE THIS.



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