Southern Pacific Resource Corp STPJF

Energy Oil & Gas E&P

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

Southern Pacific Resource Corp > DEBS

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Comment by monzieon Aug 06, 2014 4:37pm

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RE:RE:RE:DEBS

Snowball effect panic, low June production levels, summer corrections in the market, Senlac mystery, strategic review still ongoing after 9 months with a 50% drop in price from when it was announced that maximizing shareholder value was the priority, oil price dropping - pick one or all.

I imagine Raymond James will be coming out with a lower price target soon, they were a big part of the major diarrhea spewed out today. Although the 13 cent drop at the end was a bit manipulated, it still would have closed at 13.5 or 14 cents today - anyone else notice how the 13.5 and 14 cent asks suddenly disappeared at 3:58 leaving it at 13 cent bid and 14.5 cent ask? Hopefully it stabilizes tomorrow or closes in the green on equally big volume.

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