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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 monzieon Nov 21, 2014 3:32pm
211 Views
Post# 23153446

Contd

Contd
I'd take that further and say that the rollback amount is totally irrelevant, it's the percentage equity in the new entity that matters. In the case of Lone Pine Resources, it was zero."
Read more at https://www.stockhouse.com/companies/bullboard/t.stp/southern-pacific-resource-corp#uyDuI5EGp3LV5to4.99
 
 
Yes Nike you're right those companies didn't pan out for shareholders, but my point was in response to the specific companies that Wittman listed not those companies, and in
each case shareholders who bought in near the bottom preconsolodation of those stated companies, still made money.  That was all that I was tryng to say.
But he can't quite comprehend what the actual meaning of a shareholder is, he seems to be convinced for some reason that it means someone who has held on for years, or atleast that's what it sounds like to me.  Because last time I checked someone who bought YLO at 2 cents was still a shareholder just like someone who bought in at 10 dollars was.  
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