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Bullboard - Stock Discussion Forum 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... see more

GREY:STPJF - Post Discussion

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Post by himmler on Dec 06, 2013 10:10pm

STP

I think you guys are missing the point to this sell-off.I think its quite simple.Most people that sold stp this year lost money...worse still anyone that bought it IS losing money.This stock has disappointed everyone and now you see what happens .This year is over and I for one saw this coming a while back.Its tax loss selling....plain and simple.Others have seen it coming as well so its no surprise people.Now on the other hand its still a relatively "new" company production wise so if you want to gamble a bit I would say that one could make some money on this stock next year.IMHO
Comment by ShatnersRug on Dec 07, 2013 9:16am
Shatner agrees with Himmler 100%. Saw this playing out exactly as it has been. Compromised Senlac production and asset sale triggered alarm bells. Some here ripped me[not Himmler and Kavephish] when I made it known that I ejected at 0.60. Looks like Shatner wasn't that crazy after all. Moving forward, I will be treating STP as though it were an exploration company. Where the risk is not ...more  
Comment by himmler on Dec 09, 2013 10:20am
Well Shat,congrats for selling-you called it right.But we must remember that there will always be cheerleaders aka pumpers lol,that through their misty eyes refuse to see any negativety.All company's have investors like that.I myself still own some STP,but suffer from no inflated hopes.Although extremely disappointed in STP,its not my only investment lol.Some of my friends have asked if now ...more  
Comment by NightowI on Dec 09, 2013 10:45am
This post has been removed in accordance with Community Policy
Comment by ShatnersRug on Dec 09, 2013 10:49am
Agreed. The risk/benefit in STP at this point is worth throwing a few bucks into it. Shatner thinks that investors can make money on STP in 2014. Best of luck to everyone except for NightOwi because he's such a d!ck.
Comment by nikehercules on Dec 09, 2013 11:50am
Agreed - However, one must be prepared to hold through rough times - and be prepared to take significant losses when the fundamentals of the company slide. I've reached my target number of shares today and have reconciled myself to the potential losses. What would upset me about STP isn't so much the money, it's just getting it wrong. Congratulations to those who saw thing coming ...more  
Comment by adamsight on Dec 09, 2013 11:06am
Arent you the hyprocrite that criticized me when I said we could see .10?
Comment by himmler on Dec 10, 2013 11:30am
If you are directing your post at me ,then I believe you are mistaken.First of all,I dont understand your "hypocrite" comment,second we arent at 10 cents are we?I do believe you have the wrong person though.