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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

Post by ShatnersRugon Apr 24, 2014 10:50am
237 Views
Post# 22486039

Rest Easy

Rest Easy
Shatner took some time away from his laptop. Health reasons.
Popped in just now to see how my nest egg was coming along.

No surprises here.

As I had mentioned a few days ago, I "Geronimo-ed" in at 0.26 with some powder I had on hand. Glad that I did. Every penny counts and I do not believe that we weill see 26 cents again. Too many buyers jumping in that are not soliciting their intent on level 2.

The trading pattern has been consistent.

At precisely 9:32AM EVERY morning, the algorithms start to play.
Approximately 11-12 minutes after that, the iceberg from CIBC is put in place to quash any upward momentum. The price of the iceberg is carefully set so as not to be filled. I mean, who wants to risk losing 300,000+ shares to a retailer or rival broker?

Their strategy is working thus far. Accumulation is occurring by our algorithmic 'friends'. Such is the nature of today's market.

13-14 days to go before the news release.

The time for games will be over soon.
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