Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
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

Privacy Policy | Disclaimer

Sign In

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

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
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

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 > July production out of McKay
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(31)
•••
Comment by monzieon Sep 05, 2014 4:37pm
278 Views
Post# 22911342

RE:RE:RE:RE:RE:RE:RE:RE:RE:July production out of McKay

RE:RE:RE:RE:RE:RE:RE:RE:RE:July production out of McKayYes edmbonds it was almost nothing (so is the current stock price of STP), but it was still something and it still worked out to be more than what the stock was trading for at the time, not to mention the fact that those who held on for another year ended up getting about 6 times the value of that offer.  So yeah if you held on from when it was 8 dollar or even a dollar then yeah you pretty much got zero back, but if you got in around 12 cents you still made a decent profit if you held on (and it was under 12 cents for about a year leading up to the restructuring and it was at 2 -3 cents when it was announced).  And if you were lucky enough to buy in at 2-3 cents you made about 10 times that with the warrants and the restructured commons. People have to look at what the price is now and not what the price used to be.  But you are right the commons hopes lie in the production numbers rising, and the fact that all five well pairs that are being worked on right now were all either shut in or rate restricted, yet we still got to 2064 bbl/d - so I imagine when those 5 well pairs are back on line and running the numbers will significantly improve and then we'll certainly look more attractive to lenders.
<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities