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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

Post by wittmannon May 28, 2014 5:09pm
305 Views
Post# 22607339

wishfull thinking

wishfull thinkingI  just cant believe you guys still talk about a buyout.Amazing.It smacks of desperation and high hopes....certainly not reality.Let me go on record here ...there will be NO buyout.....unless we hit 5 cents or so...and even then its doubtfull.
This company has created a monster and its up to them to get it under control,a white knight to slay the monster is highly unlikely.ADD it up guys,why would anyone take a risk??.What leverage do you guys think we have to make a favourable deal for example?? Try zero.
To dream is OK but I  think many of you guys have no knowledge about conditions that must exist for a buyout...ESPECIALLY ONES IN OUR FAVOUR......WE HAVE NO POSITIVES TO MAKE A BUYOUT EXCEPTABLE TO OURSELVES ...............
A JV may happen but that is exceedingly unlikely as well at this point.....something isnt right I fear as I have never owned a company that has been this quiet about its strategic review...and for this long.
Ive been in the market for many years ,and have owned too many different stocks,lol,but I have yet to see something favourable come from one that has acted as STP has lately...I hope I am wrong IMHO but  I fear I may not be.
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