Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 May 12, 2014 9:20am
509 Views
Post# 22550015

Indeed a positive outlook -- BUT

Indeed a positive outlook -- BUT
One could say that I am bullish on STP.
User image

I'd also like to think that I am a wise investor. STP though, has turned me into Mr. Hyde. I'm so horribly overweight on STP it's laughable.

The pros? If there's a sale of the company or production starts to increase, the SP will rise and I will be rewarded handsomely.

The cons? If there is ICD or well integrity failure at McKay, my portfolio gets sliced in half.

What's prompting this appearance by Dr. Jekyll you ask? A number of bullboard posters have msged me in confidence telling me about their positions in the company. Many also share my point of view as to how rosy a picture STP's future holds, again relative to current price levels. I do not, however, want to be held responsible for peoples' retirement nest egg. I am bullish on STP. I am overweight on STP. I am also young enough and in a financial position that can withstand bad news out of McKay.

Please invest responsibly. Seriously. Like Herc says, "Diversify".

This concludes my PSA.


And now for another absolutely more relevant public service announcement:

https://www.youtube.com/watch?v=Ww3GTNv9hHk
<< Previous
Bullboard Posts
Next >>