Southern Pacific Resource Corp STPJF

RE:RE:RE:Break Even

[Awarded]

Shat – At first, I was confused when you said “Awarded is quite correct when he states that it's BS that some investors and fund managers have access to March production already.”  I substituted the word “untrue” for “BS” in your statement and interpreted you as saying I did not think some have advance knowledge of March production.  But then I rethought the issue and figured that when someone says a statement reeks with the excrement of a bull (i.e. full of BS), they mean that it has an offensive odour.  From that perspective, your statement makes sense. 

A bad smell, however, is not illegal. The fact that some people may have advance access to March production via industry software is no different than some people having access to L2.  Nor is it any different than some people paying to get expert advice from investment advisory services.  Except possibly for sparks of knowledge from boards such as this, information is not free.  And (as HFT’s well know) market information is not simultaneous. This leads me to conclude that the efficient market hypothesis from financial theory is a fallacy. All information by all market players cannot be absorbed instantaneously.

Nonetheless, an efficient market is desirable. So too is a fair market. What I was trying to suggest is that STP could help make the market fairer by releasing monthly production figures at the same time they send those figures to the Alberta energy authorities.

Your comments on analysts sent me on another search that I found interesting.  I will send the results of that search in a separate note.