Southern Pacific Resource Corp STPJF

Price

[jsg335]

Same cr@p different day, goes green all day and in the last hour goes red or flat on the day. Like clockwork.

[monzie]

What are you talking about?  You do realize that it has been green all day right?  Yesterdays close was 37 cents, today's range is 37.5 to 39 - so which part of that is red or flat?

[jsg335]

It's done the same thing all week, it opens and stays green all day and the last 10mins of trading it drops.  It would be nice to see it hold green for the day, but something tells me some clown is going to knock it down at the end of day.

[BG20]

Maybe, just maybe, STP Management will have some re-assuring comments for attendees at the AGM this afternoon. If they do, we could see some upward movement tomorrow. I wish I could attend.

[BG20]

JSG: Your prediction came true. The closing price was knocked down by a Market on Close order from Goldman ... selling a mere 6,000 shares ... dropping the price by 1/2 cent. Recent Trades - Last 10 of 177 Time ET Ex Price Change Volume Buyer Seller Markers 16:00:00 T 0.375 0

[jsg335]

Yeah it's just interesting that at the very end of the day these sell orders come out of nowhere to knock it down.  Prior to that the sell orders were very thin past .40cents.  Just seems odd that's all.  All it takes is someone to buy or sell 200k at market price for this to go up or down 20% instantly.

[stephenhuang]

should i say it is not a good time to buy ?  

[Canoutchie]

I've been noticing this end of day action on the the stockprice too, but don't know what to make of it.  Maybe a call to the Alberta or Ontario Securities Commission, or even IIROC, might help to clear things up.  Who knows  ¯\(°_°)/¯

[BayStreetRaider]

Guys, the end of the day trading is nothing more than a trading strategy, most likely transacted by a computer algorithm. The broker simply programs a computer to sell somebody's shares above a certain level, in this case it's above $0.37. No big deal, we're just going to be stuck there until demand of buyers > supply of sellers Regarding the AGM, I didn't get a chance to go,

[stephenhuang]

Nice post and analysis!  

[deduction]

With regards to "more even" the standard in the SAGD world  is to drill the injector and producer parallel to each other to give the best chance of even conformance. The problem with this is that the reservoir is not a parallel package from top to bottom but rather thickens towards the toe in STP's case. If you drilled them  parallel you would leave reserves behind under

[BayStreetRaider]

Thanks for the post Deduction, that's very helpful. I'm just scratching my head a bit on why they would try a new drilling technique right out of the gate before they're even cash flow positive? I mean, le the Cenovus' and MEG's of the world focus on experimental drilling, they're the ones who have money to burn and can afford to take that kind of risk... Anyway, I