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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 tp0052on May 20, 2014 11:13am
300 Views
Post# 22577823

RE:RE:the week ahead

RE:RE:the week aheadThere will not be anything bad Cat. A deal is on the table. We just need to be patient.

Looks like the Institutional bots are the only ones trading today. High frequency computer trading (HFT) in lots of 500. Very little retail investment and no retail selling so far. Stock will continue to fall until such time as STP chooses to announce the results of the Strategic Review. May 31st is a Saturday so I doubt we will here anything until sometime in June, IMHO.

Personally I hope that a sale does not take place, which will allow us all, to earn a decent ROI over time. Time will tell

GLTA!
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