Southern Pacific Resource Corp STPJF

Chinese will be all over this

[$tockxwatch]

To buy STP out just before there run out of funds and offer 25c  how do you like this option?

[craighenry]

Not a chance. Do you guys not know what is happening right now in the Oil Sands.......how many companies are waiting AUC approvals? Trust me.......it wont be any foreign company taking STP over.

[adamsight]

Get your facts straight.... First off Chinese as much as the next guy could easily pick this up. They pick up 30% + of the company for under .25 and then its a controlling interest. Then its time to up 80 million. 80 million aint much to raise. Senlac would make money if mckay was shut in. I see someone coming forward. As the issues are aknown quantity. Do I see a dollaw. NO WAY .50 NOT IN THIS

[craighenry]

Adam are you telling me to get my facts straight?

[adamsight]

Uhmm yes As you are aware a chinese company cannot buy out a canadian oil sands company, this is what the facts are. The other poster said the chinese will be all over buying this and they can as long as they dont buy more than 50% that is the facts I am talking about. Typically in a situation like this a company will grab a controlling interest and anyone including the chinese could do this

[craighenry]

Well....good for you adam.  Belive what you want.  I know for a FACT it wont be a Chinese company taking STP over.  Laugh all you want.  But you know it all!! You get your facts straight, do your homework....maybe even find some buddies that work for ummm....lets say someone who might be interested.  Find out what is going to happen with the Aboriginal affairs (land

[adamsight]

No one is laughing at you its all in your head. Dont be angry. jeez All I am saying is your facts are wrong, the chinese have an much possibility as the next guy. You were saying they cant buy it because of regs your facts are wrong that is all no laughing here.

[craighenry]

adam - are you kidding me??? Please quote where I said "they cant buy it because of regs"   That is in YOUR head.  I never once said those words.  I simply stated (for the third time) it will not be a Foreign take over....if STP goes that route.   And I will back that up as a FACT.  Maybe pay closer attention to what people post - there

[adamsight]

OK now I am laughing lololololol

[craighenry]

at what?  Your own stupidity??  That.....I can believe. 

[adamsight]

Yeah you got me. I assumed you meant the ercb when you said AUC, they of course have rules on foreign investment. When you said AUC it through me, so I would like you to explain to me how the Alberta Utilities Commission has any say or effect on oilsands devlopment. I direct you and all other readers to the Alberta Energy Annual report on what each agency does, https://www.energy.alberta.ca/Org

[craighenry]

It is actully the AER now. And it is both the AUC and AER that are involved in mandatory hearings required for any new well site, power plant, power line, natural gas well......etc.  Anything energy related that affects Alberta.  So...no, I guess you are not smart enough.  I should not have assumed you would have known that.   You would think someone as smart as yourself

[adamsight]

Oh its the AER oh You have insider info.  : ) Darned if you do (jail) darned if you dont (laughing stock) lol curse a little more big man.

[craighenry]

Like i said buddy - you are out of your league. Watch this   - and put two and two together .

[craighenry]

Alberta may cancel leases of some oil sand companies

[adamsight]

they have done this and they compensate for it check out aos seeking $$$$ https://web.tmxmoney.com/article.php?newsid=64304716&qm_symbol=AOSThe claim submission is in the amount of $56 million. STP HAD SOME OF THIS MORE WOULD BE MONEY THEY COULD BORROW AGAINST Wecan only hope

[Eyeinvestor]

Brion (Chinese owned) has a 150,000 bbl/d McKay project immediately south of STP McKay and they have already started construction of phase 1 of that project for 35,000 bbl/d. If Brion is about to spend $750m -$1 bn in the same geology and RBC is looking for bids on part of STP McKay then would Brion be crazy not to want to see the information provided as part of that bid process no? I read the law

[rehsifylf]

I think the answer is yes, they would be interested.  They would be interested in the knowledge, data, and most imprtantly the people.  Ron Clarke in particular, but also the Senlac team.  Less than 100% does not bother them obviously, look at the deal with AOS.

[craighenry]

They would definitely be interested! My question is would they have a chance before 1 of the 2 big players in that area scooped them up. I still say not a chance.