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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

Southern Pacific Resource Corp > No country for small cap players
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Post by BayStreetRaider on Dec 11, 2013 12:54pm

No country for small cap players

Well, it's been a very expensive roller coaster ride for me. I honestly believed that this thing had turned the corner but here we are. I guess you never really know.

I find it frustrating how many people must have been 'in the know' for this thing to drop as much as it did over the last month, before today's release.

Todays NR coupled with the senior management departures and lack of insider buying does not look good at all. If the geology sucks, there is nothing you can do - it ends up being a never ending cash drain. I applaud management and engineers in doing their best but my journey ends here.

I'm out.

Good luck too all the people who still have faith.

 
Comment by Pandora on Dec 11, 2013 1:07pm
When the share price was above 50 - 60 cents I got a reply from Greg Foofat. Once it dropped below that level he did not respond to my emails. I guess I should have taken that as a flag that there was nothing good to say therefore it was a downer and should have bailed. As they say if you have nothing good to say, don't say anything at all. I guess that's the approach he took and I just ...more  
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