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Bullboard - Stock Discussion Forum 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... see more

GREY:STPJF - Post Discussion

Southern Pacific Resource Corp > Sell Off
View:
Post by tp0052 on Oct 22, 2013 3:03pm

Sell Off

There is no reason for panic. All is well with STP and good things will come. Just need to get rid of the nervous investors (profiteers) who are selling off in a panic. Won't be surprised if the share price is over the $1 mark, very soon. Hanging on for the ride ...
Comment by alfino on Oct 22, 2013 4:17pm
fundamentally i would say today's sell off was due to lower oil prices (below 100$) we're still good above 90$ but anything below that would not be good for junior oil sands companies
Comment by smithgee on Oct 22, 2013 4:27pm
Yea all of my oils were under pressure today including my crown jewel CPG.TO :)
Southern Pacific Resource Corp
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