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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 May 02, 2014 3:32pm
326 Views
Post# 22519290

RE:RE:1 entity exiting position

RE:RE:1 entity exiting position
I saw your bid (Scotia) for 300K.

Aside from the RBC selloff, I saw some big block retail sells.
1) TD 114K
2) BMO 146K (still in play at 33 cents)
3) National Bank 240K

On the flip side, there has also been buying.
1) RBC buyers 288K
2) BMO 230K
3) UBS 212K (no sells)

More interestingly, the debs have held steady. They show no signs of distress at all. This, to me, is very encouraging. It means that those in the know, the financial institutions and other deep pockets have not heard anything that would spur on a sale. I've always viewed the debs as an acid test for overall company health. They are a far cry off from where they were 6 months ago ($65-$70), but have made great strides since selling for as low as $25 a few short weeks ago.

I'm good. Holding fast for Wednesday afternoon's news. It's gonna be a doozie.

---> VIDEO <---

And I can't believe that no one commented on my video! C'mon! Throw me a friggin' bone!

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