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 > what's with yhe 0.005 to 0.01 play?

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Comment by nikeherculeson Jan 13, 2015 11:34am

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Post# 23313566

RE:RE:RE:what's with yhe 0.005 to 0.01 play?

I'd steer clear of oil right now. I'm looking for good, getting better and I've never been terribly great at picking bottom.

If you must gamble - I'd look at Pengrowth. If you're looking for another TLM, try PWT. You might get lucky and China Investment Corporation could opt for a takeout.

I think COS pretty much sums up the oilsands business. $47/barrel operating cost, $8 royalties, $5 taxes.....and the list goes on. They're basically taping a borrowed $20 bill to every barrel they produce. You could short COS and cover just after the next dividend reduction.

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