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.

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Southern Pacific Resource Corp > hows that for crazy entertainment

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Comment by ShatnersRugon Dec 11, 2014 9:16am

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RE:RE:RE:RE:RE:RE:hows that for crazy entertainment

In all seriousness, bambus, a penny is a penny is a penny. At half a cent or one, it comes down to the same end game.

Failure on the part of the company and shareholders losing their shirts.

Why do we still see bids at one cent and not a half? It COULD be that those who shorted the stock are looking to buy at a penny to maximize their gains. Over time they'll get wat they are looking for because the share price is destined for the abyss.

On a related note, what occurs if an investor holds a shorted stock and doesn't get around to buying before a company's demise?

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