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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 16, 2014 1:02pm
360 Views
Post# 22570684

RE:where art thou shats?

RE:where art thou shats?
Shat watches albeit sporadically now.
Saw this coming hence my cryptic "Diversify" advice a while back.
The sellign pressure is very evident if you take a look at market depth.

T:STP Depth by Price @12:54:10
Bid Ask
Orders Size Price Price Size Orders
26-- 193,000-- 0.225-- 0.23-- 233,500-- 33--
40-- 201,800-- 0.22-- 0.235-- 136,500-- 18--
13-- 85,000-- 0.215-- 0.24-- 753,000-- 19--
14-- 102,400-- 0.21-- 0.245-- 73,000-- 11--
8-- 24,000-- 0.205-- 0.25-- 110,000-- 12--

In addition to retail selling joining the sellign trend, First Energy had been liquidating in a huge way. AltaCorp and Barclay have also been adding to the steady selling pressure.

Were it not for Canaccord and their buying over the last week, the SP would easily be in the teens now.

Broker Positions for C:STP Broker #33 from 20140513 to 20140516
Date Bought $Val Ave Sold $Val Ave Net Position $Net $Position
20140513 --600,000-- 147,037 0.245 0 600,000 600,000 -147,037 -147,037
20140514 --1,200,000-- 290,756 0.242 0 1,200,000 1,800,000 -290,756 -437,793
20140515 --454,000-- 104,906 0.231 11,109 2,556 0.23 442,891 2,242,891 -102,350 -540,143
20140516 --200,000-- 45,500 0.228 0 200,000 2,442,891 -45,500 -585,643
TOTAL --2,454,000-- 588,199 0.24 11,109 2,556 0.23 2,442,891 -585,643

Best of luck,
Shatz-
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