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 > The short report is out

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Post by ShatnersRugon Apr 22, 2014 8:31am

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Post# 22475381

The short report is out

As at end of trading day April 15th--
Volume shorted: 918,700
Change: -107,000
Shatres Issued: 397,958,603
% of float: 0.23%

What does this mean?

It means that I was wrong about these shoemakers shorting at 38 cents to take advantage of the fixed date news release.

It ALSO means that amongst the investment community, STP is considered a BULLISH investment.

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