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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 > There seems to be no rush to judgement here -
View:
Post by Kobedog1 on Dec 11, 2013 7:09pm

There seems to be no rush to judgement here -

How many months will RBC and the board take to release  news ?

Report says >>>The Board of Directors has
established a Special Committee comprised of independent directors to
oversee the process and RBC Capital Markets have been retained
to
assist the Special Committee and the Company with this process. It is the Company's current intention not to disclose developments
with respect to the strategic review process until the Board of
Directors has approved a specific transaction or otherwise determines
that disclosure is necessary or appropriate. The Company will provide
quarterly financial and material operational updates
.<<<
Comment by adamsight on Dec 11, 2013 7:29pm
I would figure best case Break Even is not going to show its head until the next update Management must figure no news is better than non linear posts. Come 3 months there will be some improvement at the least. 6 months best case B\E and a a few hundred barrels a day, maybe 1000 if ramp up to 7000 is expected to take another 18 months. I would bet based on the way this stock swings someone will ...more  
Comment by PeakOilBoy on Dec 11, 2013 9:59pm
So what your saying is it could go up or down or up or down? 
Comment by Kobedog1 on Dec 11, 2013 10:49pm
PeakOilBoy wrote ..So what your saying is it could go up or down or up or down? <<< Yes. Money can be made each time that happens. And I am now suggesting  that this company is going to take its time to get to where it is going. That is the way RBC works. Just got really interested in this play, when it fell off so far and  so fast. Best wishes to all, Kobe